The Japanese government is at the helm of a new program to establish a payment network based on cryptocurrency, which could compete with the use case of the SWIFT payment system, reported Reuters early on Thursday.
A source, that for now refuses to be named, stated that the government’s aim is to build the network in the next few years, without giving additional details. According to the source, Japan will fully comply with the recent Financial Action Task Force (FATF) requirements and will offer international cooperation on the project.
The news arrives at a time when national governments have exp...