Next stop in the cryptocurrency craze: A government-backed coin
Next stop in the cryptocurrency craze: a government-backed coin Next stop in the cryptocurrency craze: a government-backed coin
8:02 AM ET Thu, 30 Nov 2017 | 02:40
In the light of the rising popularity of cryptocurrencies, like bitcoin and ethereum, central banks around the world are busy experimenting with their own versions of cryptocurrency, or digital currency.
China's central bank announced in January that it has completed a successful trial run of transacting digital currencies among banks. Then in September, Japan, Sweden and Estonia all announced similar digital currency projects: J-coin for Japan, E-krona for Sweden and Estcoin for Estonia. The roster doesn't stop there — the UK, Uruguay and Kazakhstan have all expressed similar ambitions.