Finance:Estcoin

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Short description: Estonian bitcoin

Estcoin is a mooted national cryptocurrency, devised by the Government of Estonia[1][2] in August 2017.[3] In June 2018, amid criticism from banking authorities, Estcoin's plans were revised to no longer peg its value to the euro, nor for it to be a national cryptocurrency,[4] but that Estonia would plans to “explore various possibilities” for blockchain technology.[5] As it will be restricted to individuals within the Estonia e-Residency program, it cannot be exchanged freely and thus technically doesn't qualify as a cryptocurrency.[3]

See also

  • e-Residency of Estonia
  • Estonia

References

  1. ↑ Chris O'Brien (19 December 2017). "Estonia planning its own cryptocurrency, called 'estcoin', in bid to become global ICO hub". VentureBeat. https://venturebeat.com/2017/12/19/estonia-wants-its-own-cryptocurrency-called-estcoin-in-bid-to-become-global-ico-hub/. Retrieved 19 February 2018. 
  2. ↑ Francesco Canepa (19 December 2017). "Estonia's tech guru outlines ideas for digital 'estcoin'". Reuters. https://www.reuters.com/article/us-bitcoin-estonia-estcoin/estonias-tech-guru-outlines-ideas-for-digital-estcoin-idUSKBN1ED1E6. Retrieved 19 February 2018. 
  3. ↑ 3.0 3.1 Darrah, Kim (23 Apr 2018). "Estonia pushes ahead in race to issue first state-backed cryptocurrency". https://www.worldfinance.com/markets/estonia-pushes-ahead-in-race-to-issue-first-state-backed-cryptocurrency. Retrieved 7 October 2018. 
  4. ↑ Ummelas, Ott (1 Jun 2018). "Estonia Scales Down Plan to Create National Cryptocurrency". https://www.bloomberg.com/news/articles/2018-06-01/estonia-curbs-cryptocurrency-plan-that-drew-rebuke-from-draghi?srnd=cryptocurriences. Retrieved 7 October 2018. 
  5. ↑ Ryan Browne (4 Jun 2018). "Estonia says it won't issue a national cryptocurrency and never planned to". https://www.cnbc.com/2018/06/04/estonia-wont-issue-national-cryptocurrency-estcoin-never-planned-to.html. Retrieved 27 January 2019. 




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