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The new law also encourages the use of çcommercial cryptographyé

by any entities or individuals in accordance with the principle of non-

discrimination. In this sense, the law can expand the regulatory framework

around cryptography technologies and may potentially be used as a foundation
relating to the utilization of cryptography technologies in the country.

To conclude, the regulatory approach to address the underlying technology

may also serve as a basis for the governance of the token economy at

full scale.

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