The President of Ecuador (Ecuador) Rafael Correa plans to pass a bill to support the country's economy with digital cryptocurrencies. His aim is to help the nation deal with its debts, according to a publication Bloomberg.
Ecuador does not have a local currency, as the country has adopted the US dollar as its official currency since 2000. However, if plans for the new, crypto-currency go ahead, it will useste alongside the US dollar, and will be controlled by the country's central bank.
According to the proposal, the digital currency should be supported by a form of cash, probably dollars or some other world currency.
According to a July 23 publication by the news agency of Ecuador PanAm Post, the debate on reform began on July 22, and Rafael Correa presented an initial proposal on June 25.
The reform of the law on creation ενός ψηφιακού νομίσματος και τις επικείμενες αλλαγές στο δημοσιονομικό κανονισμό του συστήματος ελέγχθηκε από τον εκτελεστικό μηχανισμό και παρουσιάστηκε στο Κογκρέσο της χώρας χαρακτηρισμένο σαν "επείγον" από τον κ. Correa.
A very advanced idea from the President of Ecuador, harmonized with the country's needs and today's technology. It would be utopian to think that such a move can be adopted for the economic and fiscal problem of Greece;
