Forgot your password?
typodupeerror
The Almighty Buck Government

Ecuador To Forge Ahead With State-Backed Digital Currency 85

Posted by samzenpus
from the lets-make-money dept.
First time accepted submitter jaeztheangel writes Ecuador's government has approved plans to start a new Digital Currency backed by the state. With defaults in recent history, and dwindling oil reserves it will be interesting to see how this decision turns out. From the article: "Congress last month approved legislation to start a digital currency for use alongside the U.S. dollar, the official tender in Ecuador. Once signed into law, the country will begin using the as-yet-unnamed currency as soon as October. A monetary authority will be established to regulate the money, which will be backed by 'liquid assets.'”
This discussion has been archived. No new comments can be posted.

Ecuador To Forge Ahead With State-Backed Digital Currency

Comments Filter:

"Just think of a computer as hardware you can program." -- Nigel de la Tierre

Working...