Legal and regulatory challenges facing stable coin/10% beneficiary to Tron Fan club

Good day my fellow members of this wonderful community,last time I talked about the rise of stable, today I will be discussing on the legal and regulatory challenges facing stable coin. First of all I will like to properly define terms before I properly discuss on the topic; When we talk about legal we are simply referring to something that is based and recognized by law,or it could also refer to something created by,or based by or authorized by law.when we talk about regulatory we are relating to tHe control or direction of an activity by a set of rules or law.

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Legal and regulatory challenges
Recently,stable coin has been targeted by regulatory and legislative scrutiny based on their perceived risk consumer and financial system.
The regulatory landscape of stable coin is marked with uncertainties, especially at the federal level,
this has been an issues been an issues over the broader cryptocurrency in several years ,one big legal challenges stable coin is facing is the question of if they are securities,the security and exchange commission of the united state have taken the preposition that some of the stable coin might be securities example tether(USDT).and if this is to be the case,it implies that stable coins users will have to register with security and exchange commission (SEC)and by doing so the users will they will have stick by and obey the rules and regulations of the security and exchange commission (SEC)it doesn't stop here stable coin also faces the challenge of "Anti money laundering (AML).what is Anti money laundering (AML)?
Anti money laundering (AML) this can be defined to as the collection of laws, law enforcement , processes, and regulations that prevents illegally obtained money from entering the financial system.
Not only are stable coin user to comply with the Anti money laundering rules and regulations but they are also expected to comply with the "know your customer"(kyc).
Know your customer (kyc) guidelines and regulations in financial services requires professional to identify the identity, suitability,and risk involved with maintaining a business relationship with a customer.
Stable coin user must comply with Anti money laundering (ACL) and know your customer (kyc) rule, which may tend to be expensive and time consuming.

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Finally another challenge stable coin and it's users are facing is the issues of "Regulatory uncertainties".what do we mean by regulatory uncertainties?
Regulatory uncertainties refers to legal, regulatory, and political developments and uncertainties which includes uncertainties such as ;
_change in rules,regulations,and interpretation of federal and state agencies and other forms of government.
Regulatory uncertainties can also be defined or be referred to as a condition of perceived inability of a business to predict the future of the regulatory state.
In this essence the regulatory landscape surrounding stable coin remains largely unclear,with government and regulators still grappling with how they can fix or categorize those legal asset.

          ***Conclusion***

In conclusion the legal challenges and regulatory facing stable coin is too complex and and filled with uncertainties.note this post is not intended to discourage or dishearten but to inform and give give an upper hand with updates.
Thanks for taking out time to consider this article!