“DeFi is the provision of financial services without relying on traditional intermediaries,” the note said. It “operates within a multi-layered structure” composed of the bottom (or settlement) layer, where the blockchain records and settles transactions, and the asset layer, which includes native tokens. Source here
Well, after some digging, I came to know that they have started to take an interest in DeFi in 2022, and they warned people about the scams of DeFi while covering the CATPS (crypto asset trading platforms) registered in Canada.
Well, overall, it is good for them and the overall market because many countries take bold action against crypto, and Canada is no doubt one of them, like the US and UK, and Canada wants to do the same with crypto as the US and UK have, but due to the economic situations it has been facing, I don't think it will have as much impact on the market as others. Overall, it will definitely increase the adoption rate when those dudes, who want to get guidance from the governments only and only trust them and don't do anything outside the circle, might not adopt these technologies.
PS: try to add something valuable from your side too, rather than just copy pasting the few lines of news here, add your words.