http://panampost.com/belen-marty/2014/07/23/top-down-digital-currency-coming-to-ecuador-with-competition-banned/
I hope some Ecuadorean member can give more informations because this sounds too crazy to be true
It sounds crazy in a nightmarish sort of way, and yes, it is true. Just another way for the ruling elite to keep their citizens from every making any money. They will prop up their Central Banks digital currency, which will most certainly be a centralized solution and hacked many times. Then, a couple years from now when all of their elite class has a firm position on bitcoin, they will "allow" their citizens to finally start using bitcoin. We've seen this pattern at every bank and in every stock market ever. The poor are always encouraged to continue being poor.