Australia and the UK share their big picture of crypto: Law Decoded, Jan. 31–Feb. 6 
In Hong Kong the local monetary authority has also issued a consultation summary, proposing to ban algorithmic stablecoins. 
Below is an instruction that describes a task. Write a response that appropriately completes the request.

### Instruction: Australia and the UK share their big picture of crypto: Law Decoded, Jan. 31–Feb. 6 

### Response: In Hong Kong the local monetary authority has also issued a consultation summary, proposing to ban algorithmic stablecoins. 