Could Canada's crypto regulation be a standard for other countries?

Could Canada's approach to cryptocurrency regulation potentially set a precedent for other nations to follow? Given the country's reputation for stability and robust financial institutions, its framework for overseeing digital assets may serve as a blueprint for global regulators. Does Canada's balanced approach, combining consumer protection measures with promoting innovation, offer a viable model for other jurisdictions? Or are there unique factors that make Canada's crypto regulation unsuitable for wider adoption? Clarifying these points could shed light on whether Canada's crypto regulation could indeed be a standard for other countries to emulate.