Blog Archives

Is Israel Planning A State-Backed Cryptocurrency?

Posted on 27th December, 2017

According to a report published by Reuters, Israel’s central bank is giving serious consideration to a plan that would create a new, state-backed cryptocurrency for the country. The report includes few specifics about the proposed digital currency, and cites only a single, anonymous source within the Bank of Israel. Should the Bank of Israel approve […]

Ecuador’s Congress proposes state-controlled digital currency monopoloy

Posted on 23rd July, 2014

On Thursday, Ecuador’s Congress will vote on a proposal to create a state-controlled digital currency, and to prohibit the use of any digital currency in the country not backed by the nation’s central bank. Regional news outlet PanAm Post reports that the move was presented by President Rafael Correa as “a matter of urgency,” although […]