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Stablecoins to face new restrictions in Japan
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Topic: Stablecoins to face new restrictions in Japan (Read 207 times)
Pity Token
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Re: Stablecoins to face new restrictions in Japan
May 10, 2023, 08:03:58 PM
#21
They should have been restricted anyway in all countries, then we wouldn't get the debacle with Luna and their nonsensical algorithm. Maybe they will release a good stable coin that actually is backed by something solid and equally stable
bettercrypto
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Re: Stablecoins to face new restrictions in Japan
May 10, 2023, 09:43:01 PM
#22
As far as I know Japan is known to be open to cryptocurrency or Bitcoin, and it doesn't seem to like stablecoins that much so they do that
Or maybe they have other stablecoins they want.
Also, as long as it's in their country and their jurisdiction, we can't do anything about this matter either. And so far I don't see any bad effects caused by this because this country is considered a crypto enthusiast.
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Re: Stablecoins to face new restrictions in Japan
May 10, 2023, 10:10:27 PM
#23
No restrictions can stop progress, only slow it down. You can always use foreign servers and VPNs to bypass restrictions. And it's better to access your wallet from different places, so that they can't determine the location with certainty, if any puncture happens
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