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Estonia to launch own cryptocurrency

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Estonia is planning to launch the Estcoin in a bid to become a global ICO hub, VentureBeat reports. If it achieves this goal, Estonia would be the first nation to launch a cryptocurrency. Kaspar Korjus, managing director of Estonia’s e-residency program, which allows individuals to obtain Estonian citizenship without living in the country, detailed the proposal for the e-tokens in a blog post on Monday. “By not embracing crypto, governments are failing to unlock a powerful driver of economic growth and risk losing relevance entirely,” Korjus wrote in the post.

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