Ecuador Reveals National Digital Currency Plans Following Bitcoin Ban

[Zorro]

Ecuador's plans for its own national digital currency have been revealed in more detail, with officials from the country's central bank stating that circulation will begin in December.

The as-yet unnamed cryptocurrency will be the first altcoin to be issued by a central bank, making it the world's first official national digital currency.

A presentation on the electronic money has been published on an Ecuadorian government website, giving further details of the plans.

The electronic currency will be backed by the assets of the Banco Central del Ecuador and is targeted at the 2.8 million Ecuadorians unable to afford traditional banking.

https://uk.news.yahoo.com/ecuador-reveals-national-digital-currency-plans-following-bitcoin-084801743.html

[blkmusclmachine]

1. "Nothing Is Beyond Our Reach"

[blkmusclmachine]

2. Pic at http://i.dailymail.co.uk/i/pix/2013/12/07/article-2519703-19EBEFAD00000578-596_634x837.jpg

[Zorro]

3. Cool pic

[Rassah]

4. Well that's dumb...

Bitcoin is right there, available to all, but I guess the corrupt crooks in the country want to keep stealing money from everyone by making their own bs currency... again...