Ecuador set to be first country to issue its own digital currency
By GCRU Gold News on Sunday, August 31 2014, 02:44 - Permalink
Ecuador is planning to create the world's first government-issued digital currency, with some analysts saying it may be a first step towards abandoning the country's existing currency, the US dollar - which the government cannot control.
The new currency was approved, and stateless crypto-currencies such as bitcoin simultaneously banned, by Ecuador's National Assembly last month in a new law.