Ecuador’s First State-Issued “Limitless” Digital Currency Coming in December

By August 30, 2014Bitcoin Business



G+Pinterest Ecuador has announced that its government-backed digital currency will be ready for circulation by December in a move which analysts dispute is tantamount to replacing the US dollar as its legal tender.The as yet unnamed currency, WKYT reports , was approved in a session of Ecuador’s National Assembly in July. At the same time, ‘stateless’ digital currencies including Bitcoin were outright banned. Commentators were quick to rebuke the concept, which Ecuadorean President Rafael […]

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