Tagecuador

World's First National Digital Currency Trials in Ecuador

In what should be the first of many over the coming years, Ecuador will soon begin trials with the world's first national digital currency.  They are the first nation to agree officially to implement it's own digital currency as a state-supported national system of finance. The Central Bank of Ecuador has set up a trial version to begin later this month, and continue through mid-November 15th...

Bitcoin News in Review: Bitcoin Price Drop, Dogecoin's Decline, Ecuador Bans Bitcoin, and More

Bitcoin News in Review: Bitcoin Price Drop, Dogecoin's Decline, Ecuador Bans Bitcoin, and More

Welcome back to another Bitcoin News in Review, where we feature some of the biggest stories of the week here on CryptoCoins News. This week, there was a drop in the Bitcoin price, Dogecoin's price continued to decline, Ecuador banned Bitcoin in favour of its own cryptocurrency, and more. Check out this week's Bitcoin News in Review after the break. [divider]CCN[/divider] Explaining Bitcoin's...

Ecuador: The First Nation to Create its own Digital Currency

Over the weekend, CCN reported on the government of Ecuador's decision to ban Bitcoin, along with all other cryptocurrencies, via a National Assembly majority vote on July 23rd. An outright ban placed on Bitcoin by one nation, or another, has always been inevitable. What is more interesting (and unexpected), in the case of Ecuador, is its concurrent announcement of plans to create its own...

Ecuador Bans Bitcoin In Favor Of Own National Cryptocurrency

On the 23rd of July, the government of Ecuador effectively banned bitcoin, along with all other cryptocurrencies, reports the PanAm Post. The legislation forms part of a reform of the country’s monetary and financial laws. The bill was approved by 91 members of parliament, with 22 votes against and 3 abstentions. President Rafael Correa, who introduced the reform bill, will sign it into law...

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