Published on September 17th, 2017 | by bitcoin0
Estonia Wants ICOs but Its Laws May Be in the Way
The Baltic nation of Estonia made a splash last month proposing a government-supported token – the “estcoin” – as an extension of its e-Residency program.
During his regular press conference, Draghi commented on Estonia’s bid:
“No member state can introduce its own currency; the currency of the euro zone is the euro.”
It’s a notable comment in that it underscores a strange disconnect: are these new cryptocurrency tokens actually currencies?
But tokens have key differences from cryptocurrencies that might make them look even less like a currency.
The one currency
Either way, it seems Estonia might be putting the cart before the horse.