Ecuadorian Presidential Candidate Proposes a National Cryptocurrency but It W...
An Ecuadorian presidential candidate hinted at creating a cryptocurrency in the country as part of its government agenda. Giovanny Andrade said that the national crypto aims to “facilitate” transactions across the country. Crypto Could Be Backed by Gold During an interview with Primicias, Andrade, representing the Union Ecuatoriana party, believes its cryptocurrency idea is a crucial part of his country’s proposals. However, he doesn’t want to ride off from Ecuador’s dollarized economy: We are looking at ways to create an Ecuadorian cryptocurrency. This does....
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It was just last month that the small Latin American country of Ecuador banned Bitcoin. The Ecuadorian National Assembly voted to pass a monetary and financial reform law introduced to the Assembly by Ecuador's President, Rafael Correa. While the outright ban of Bitcoin and other decentralized digital currencies like Bitcoin is news in and of itself, the new sparkly gem of Ecuador's new stance is their intention to create their own digital currency. Most recently, Ecuador's e-money presentation, which provides more details on the new Ecuadorian National digital currency has been posted to....
The Ecuadorian Police and the prosecution of Ecuador have raided several locations linked to Fortunario Digital Assets, a company that was allegedly making illegal collections of money related to forex and cryptocurrency business. The operation also encompassed the seizure of more than $7 million from the accounts of the Ecuadorian company.
Ecuadorian Police Raid Fortunario Digital Assets
The Ecuadorian police and the prosecution were the main actors in an operation against a company that was allegedly making illegal collections of money. On April 2, these two organizations....
US presidential candidate Gary Johnson indicated that he might pardon several key whistleblowers and crypto-anarchists. Johnson, the nominee for the Libertarian Party, said he would consider pardoning Silk Road founder Ross Ulbricht, and would “look seriously at” pardoning NSA whistleblower Edward Snowden and Wikileaks collaborator Chelsea Manning. While Johnson is a third-party candidate, who traditionally do not perform well in national elections, this year the situation is very different. He is polling ever closer to 15% which nationally is the requirement to be included in the national....
A Nigerian presidential election candidate, Peter Obi, has said the local currency’s exchange rate against the dollar must not be fixed but must be determined “by the forces of demand and supply.” Pointing to the success of the Nigerian fintech Flutterwave, the candidate said if elected, his government will create an enabling environment for other startups to similarly thrive and succeed.
Two-Tier Exchange Rate Regime Attacked
A candidate in Nigeria’s upcoming presidential elections, Peter Obi, has said the local currency’s official exchange....
The US presidential candidate Rick Perry seems to have won the votes of Bitcoin community by declaring his softer stance towards Bitcoin. In an interview with The New York Observer, he declared that he is in favor of relaxing regulations on bitcoin to an extent that it doesn't hamper innovation and allows smooth operation of legitimate digital currency based businesses. READ MORE: US Presidential Candidate Rick Perry Shows Support for Bitcoin. Rand Paul, the Kentucky senator and one of the contender for presidential elections in the United States first made waves in Bitcoin community after....