Ecuador To Forge Ahead With State-Backed Digital Currency 85
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.'”
Ecuador To Forge Ahead With State-Backed Digital Currency More Login
Ecuador To Forge Ahead With State-Backed Digital Currency
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