Just stumbled upon a current update from Japanese government regarding this regulation trend. If my reading of this article is accurate, it appears to me that this latest update is anti-algorithmic based stable coin. Though I am not worried about the impact on algorithmic stable coin like Hive if such recommendation become a law, I am just curious what can such law accomplish after all? Will not such a law mean that using algorithmic stable coin can be considered illegal as far as Japan is concerned?
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