Ecuador Doubles Down On Crypto Ban Following Worldcoin Controversy

Quick Summary:

Worldcoin (WLD), a crypto project co-founded by OpenAI’s CEO Sam Altman, arrived in Ecuador in June.

Due to its growing popularity, Ecuadorian authorities have warned its citizens about the project.

As a result, “all transactions, monetary and financial operations, and their accounting records, carried out in the country, shall be expressed in US dollars.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: Hungary

Topics: Central Bank of Ecuador Bitcoin Ban Ecuador Latin america adoption World ID Worldcoin Crypto Market Crypto News WLDUSDT Cryptocurrencies Cryptocurrency Ecuador Ecuador WLD Crypto ban

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 13:00:55 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 526 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22086704

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Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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