Estonia Scales Back Plans of Ambitious State Cryptocurrency ‘Estcoin’

Following criticism from the European Central Bank (ECB), Estonia’s ambitious plans to launch its “Estcoin” have been indefinitely scaled down. Estcoin Plans Squashed Previously in August 2017, Estonian officials announced their plans to issue a state-backed cryptocurrency, called Estcoin, and offer the world’s first state-backed ICO. The country’s ingenious plan to implement digital assets in