Can a Government Introduce a Cryptocurrency? Estonia Says Maybe
- Premier Ratas says Baltic nation is ‘open to challenges’
- Country, which helped invent Skype, is a regional tech hub
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Estonia’s prime minister urged caution but didn’t rule out a controversial idea to create a crypto-currency in the eastern European country where Skype was born.
Premier Juri Ratas echoed concerns voiced by the central bank and other regulators, who fret that reports about the potential project, dubbed Estcoin, risk damaging the Baltic nation’s reputation. But the 39-year-old said his cabinet hasn’t yet considered the topic, which was raised last summer by a junior government official.