Japan to lead cryptocurrency-SWIFT network development under FATF supervision

Global news agency Reuters has revealed; with reference to sources privy to the agency, that Japan is going to lead a cryptocurrency Swift like network development. Reuters reveals that the Japanese government is taking the step to fight against money-laundering and the network would ensure that all transactions are recorded according to the regulations. The sources further informed that the network will be developed under the supervision of a Financial Action Task Force (FATF) action team. The Japanese government will be working on the project as an international network that would operate similar to the SWIFT networks currently in use