27 Jul '14, 3am

Ecuador Bans Bitcoin In Favor Of Own National Cryptocurrency

Ecuador Bans Bitcoin In Favor Of Own National Cryptocurrency

For all its challenges of centralization, privacy and openness the Ecuadorian national cryptocurrency experiment represents a controversial move with unknown political and economic consequences. Elsewhere in South America, Bitcoin ATMs are starting to pop up . That Ecuador bans Bitcoin in the name of progress, is truly unfortunate. Do you have any comments or thoughts about these developments in Ecuador? Feel free to comment below.

Full article: http://www.cryptocoinsnews.com/news/ecuador-bans-bitcoin-...

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