Reading Time: 2 minutes
by
Aisshwarya Tiwari
on
January 18, 2021 Regulation
Ecuadorian presidential candidate wants the country to join in the CBDC bandwagon.
Making Ecuador Crypto-Friendly
According to a recent report by
Decrypt, Ecuadorian presidential candidate for 2021 and the current president of the Ecuadorian-Chilean Chamber of Mining, Geovanni Andrade, recently stated that he has plans to develop a national cryptocurrency to enable transactions within Ecuador.
The presidential hopeful, in a recent interview with the digital newspaper
Primicias shed light on his government plan, stating that a national cryptocurrency would make internal transactions easier and facilitate their audit.
In addition, Andrade said the national cryptocurrency project is an essential part of his vision for Ecuador.