Last month, news of Estonia’s experiment with its own government-backed cryptocurrency, the "estcoin", spread like wildfire around the world in outlets including CNBC, Business Insider Poland and several payments industry publications.
The premise was that early investors willing to enter an estcoin Initial Coin Offering (ICO) would help Estonia become a cutting-edge digital nation.
There were reports that advisors to the project included Vitalik Buterin, the founder of the hyped cryptocurrency ethereum.
But the news turned out to be “fake” - or at the least, grossly misunderstood.
Full story at http://read.bi/2ymyJ0k
Source: Business Insider Nordic
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