Pending issues arising from decentralized international remittance
In order to maintain the social, economic and financial order, cracking criminal and money laundry operations, the settlement of digital fiat currency and algo-currency (cryptocurrency) that are exchangeable with fiat must comply with regulatory requirements, in other words, the transaction should be traceable.
The decentralized international payment system at its prsent stage makes it a potential challenger for the current international settlement system. Multiple settlement protocols will live together at the moment. However, using technology to build network of value transfer is a direction worthy of more consideration.