First Estonian national currency - Estcoin
The Estonian government intends to create a national welfare fund, which will be replenished by selling the national crypto currency to the population of the estoins. This is written by Bloomberg.
"Capital management will be carried out through public-private partnership.funds can be turned into venture capital to support Estonian start-ups.people with estkoins will have a share in the fund and an opportunity to participate in the issue of its management, "the agency reports.
The proposal to create this crypto currency was put forward by the government agency responsible for e-residence issues in Estonia and its head Kaspar Korjus.If the initiative is approved, then later placed on the stock exchange crypto currency tokens can become viable currencies, with the help of which it will be possible to pay for services and goods in the eurozone market.
Due to its expanded digital infrastructure, Estonia is ready to introduce a crypto currency in the national market.The agency also said that the local financial market, consisting of more than 90% of the loans of foreign banks, can support this initiative.
