Source: Hack 153, 2016
In early 2018, the Central Bank Digital Cash was discontinued by Lenin Moreno after political pressure from the banks. Fortunately, the infrastructure is intact and the regulation straightforward to restore. Democratic suspicion of banks will make way for the return of sovereign digital cash.
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This is an essay that accompanies the State of Power 2019 report as recommended reading. TNI has copyedited the essay and is pleased to share it but does not necessarily endorse or agree with all the views within it.