Ecuador Pushes Forward on Upcoming Electronic Currency System

By June 2, 2015Bitcoin Business

The government of Ecuador is pushing forward to establish its national electronic currency, PanAm Post reports . The central bank has given 360 days to all financial institutions in Ecuador to get on board. Top financial institutions with assets of more than $1 billion USD will have only 120 days to comply.

Ecuador’s official Resolution 064-2015-M, announced on May 25, states that all entities of the public, private, and cooperative financial sectors must join the […]

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