Japan was among the first to introduce regulations on cryptocurrencies on a national scale. Their government is the first to makes steps toward the creation of a payment network for further regulations and more security.
It is safe to say that the Japanese are one of the bravest when it comes to the adoption of cryptocurrencies. They are also one of the most innovative when it comes to cryptocurrency trading and its regulations.
Cryptocurrencies are often viewed as a risk for national security, one of the concerns before the Russian government in terms of developing proper regulations. The Japanese view the creation of a payment network as a way to mitigate those risks and make cryptocurrencies a more secure asset.
The payment network is said to resemble the SWIFT network (Society for Worldwide Interbank Financial Telecommunication) that allows banks to transfer information about financial transactions and operations in a secure environment that is standardized. Such a similarity to the established SWIFT network is a sign that the security of digital assets will indeed be increased.
What Traders Have to Say?
More regulations in the form of a payment network could throw off many investors and traders who look to make a quick and significant profit from cryptocurrency trading. The main reason for these lucrative opportunities is the decentralized nature of crypto assets.
Investors, whether they buy crypto assets on exchanges or trade them using systems like the Bitcoin Trader, might find a payment network as a threat to the money-making potential of crypto assets.
But such steps toward adapting this unique digital asset to our financial and economic worlds are a clear sign there is will to allow the Bitcoin and the Altcoins to be a legal and a recognized part of the global economy.
And we at the Top10BitcoinRobots headquarters find this a very optimistic sign. As investors, it is important for us to know that our treasured assets stand on solid ground when it comes to trading and investment opportunities.