Why has LGBTQ+ cryptocurrency maricoin whipped up controversy?
An attractive alternative investment or no better than a Ponzi scheme? Cryptocurrencies are controversial – challenging conventional financial wisdom and worrying regulatory authorities around the world.
But few recent launches of virtual currencies have provoked as much debate as the maricoin, which its founders billed as the world’s first LGBTQ+ cryptocurrency and rolled out for a pilot test in Madrid on Dec.
31. Even its name, a play on words drawn from a homophobic insult in Spanish, has proved controversial. With the maricoin set to start trading on major exchanges on Feb.
22, what are cryptocurrencies and just why has this particular debut made waves? Why are cryptocurrencies contentious? In contrast to traditional currencies, cryptocurrencies are not issued by any central bank or government and are operated privately.
