Crypto

Japan to lead development of SWIFT network for cryptocurrency.

Photo: thejapantimes News

 

 

 

 

 

 

 

 

 

 

 

 

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.

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.

Tokyo aims to have the network in place in the next few years, the person said, declining to be identified because the information has not been made public.


Source: https://www.channelnewsasia.com/news/business/japan-to-lead-development-of-swift-network-for-cryptocurrency—source-11731132

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