Estcoin Backs Down as Banking Authorities Bully Estonia
The small Baltic nation of Estonia has backed down on its plan to create a national cryptocurrency after drawing heat from Italian economist and President of the European Central Bank Mario Draghi, as well as local banking authorities. Now, the Estcoin will simply be used as an incentive for e-residents. Banking Bullies Estonia’s cryptocurrency project, Estcoin, will “definitely not be a national ‘cryptocurrency,” after receiving pressure from banking authorities. According to Estonia’s head of IT strategy,<br />Read More<br />The post Estcoin Backs Down as Banking Authorities Bully Estonia appeared first on Bitcoinist.com.
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