June 24, 2021, 6:08 PM
Guatemala is learning plans to launch its personal digital foreign money, however within the meantime residents ought to watch out for utilizing cyptocurrencies not backed by governments, the central financial institution mentioned Thursday.
“There’s a huge distinction between a digital foreign money issued by a central financial institution and a cryptocurrency issued by non-public actors that doesn’t have authorities backing or oversight,” Central Financial institution President Sergio Recinos mentioned in a press convention.
Central financial institution digital currencies are far faraway from their crypto counterparts, comparable to Bitcoin and Ethereum, that are valued for his or her independence from financial authorities. Guatemala’s digital foreign money would merely be an offshoot …