Central Bank of Uruguay announces launch of own cryptocurrency, lets discuss, what effect it will make for their economics.
Economics of bitcoin? No significant effect because Uruguay is not yet a big players in bitcoin market. But as far as their own economic situation? Maybe it will help them somewhat because it a government back crypto. However, expect high taxes on that since its government control. I believed that only rich people can bought every government back cryptocurrency, because you haven't heard casual or ordinary citizens buying mutual funds or local stock markets do we?