The article is like 90% filler content and the actual news is just one sentence which is the same as the title. We didn't get any details of what exactly they are doing, so judging from the title, it looks really weird - cryptocurrencies are already payment networks, how would they create a payment network for a payment network? And more importantly, why would people use it instead of sending BTC directly?
so they can institute AML controls and transaction reporting. impossible to do with bitcoin, but totally doable on their "G7-approved network". i'm so tired of people calling japan "crypto friendly". coming up with endless regulations and expensive licensing schemes and transaction reporting requirements isn't "friendly".
Yap.Your opinion is correct.I'm 100% agree with you.If it controlled by government rules there will be little freedom.with their regulations only thing happening is real crypto lovers leaving from there.It should to be free market with good security and less government rules.I think things that happen on Japan,is a 1st step of get green for Libra