TOKYO: Japan's government is leading a global push to set up an international network for cryptocurrency payments, similar to the SWIFT network used by banks, in an effort to fight money laundering, a person familiar with the plan said on Thursday.
It remains unclear how the cryptocurrency network would work. SWIFT is the international payments messaging system used by banks to send money around the world. It remains unclear whether the network would meet resistance from users, given that the attraction of cryptocurrencies is, in part, in their unregulated nature. That lack of regulation is precisely what worries governments and central bankers.
Source: Digital Coin News (digitalcoinnews.net)
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