The Central Bank of Ecuador held a press conference on Christmas Eve announcing the launch of its national EMS or Electronic Money System. The system is designed to move the nation to a completely digital currency operated by the Central Bank. The EMS will rollout in three phases over the next couple years, with users eventually able to make bill payments for water, electricity, and taxes. The creation of the new money system also brought on the banning of Bitcoin and all other crypto-currencies in Ecuador.
https://www.cryptocoinsnews.com/ecuador-opens-national-electronic-money-system-ems/