Ecuador Reveals National Digital Currency Plans Following Bitcoin Ban

Ecuador’s plans for its own national digital currency have been revealed in more detail, with officials from the country’s central bank stating that circulation will begin in December.
The as-yet unnamed cryptocurrency will be the first altcoin to be issued by a central bank, making it the world’s first official national digital currency.
A presentation on the electronic money has been published on an Ecuadorian government website, giving further details of the plans.

This post was published at International Business Times on September 1, 2014.