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Estcoin is a mooted national cryptocurrency, devised by the Government of Estonia[1][2] in August 2017.[3] In June 2018, amid criticism from banking authorities, Estcoin's plans were revised to no longer peg its value to the euro, nor for it to be a national cryptocurrency,[4] but that Estonia would plans to “explore various possibilities” for blockchain technology.[5] As it will be restricted to individuals within the Estonia e-Residency program, it cannot be exchanged freely and thus technically doesn't qualify as a cryptocurrency.[3]

See also[edit]


  1. ^ Chris O'Brien (19 December 2017). "Estonia planning its own cryptocurrency, called 'estcoin', in bid to become global ICO hub". VentureBeat. Retrieved 19 February 2018.
  2. ^ Francesco Canepa (19 December 2017). "Estonia's tech guru outlines ideas for digital 'estcoin'". Reuters. Retrieved 19 February 2018.
  3. ^ a b Darrah, Kim (23 Apr 2018). "Estonia pushes ahead in race to issue first state-backed cryptocurrency". World Finance. Retrieved 7 October 2018.
  4. ^ Ummelas, Ott (1 Jun 2018). "Estonia Scales Down Plan to Create National Cryptocurrency". Bloomberg. Retrieved 7 October 2018.
  5. ^ Ryan Browne (4 Jun 2018). "Estonia says it won't issue a national cryptocurrency and never planned to". CNBC. Retrieved 27 January 2019.