According to a large-scale poll conducted across 12 European Union member states and 31,000 respondents, the majority of Europeans prefer that local governments create and control cryptocurrencies.
For Euronews, Redfield & Wilton Strategies polled 31,000 people in Estonia, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, the Netherlands, Poland, Portugal, and Spain.
In light of the European Commission’s (EC) proposed new crypto legislation, the majority of respondents from all countries favoured the development of a national cryptocurrency.
The primary motivation for creating an in-house token, on the other hand, is to establish financial independence from the European Union.
Respondents from Greece (40 percent), Italy (41 percent), and Estonia (39 percent) indicated the most support for a national cryptocurrency, with an average of 30 percent in favour of other nations.
In contrast to the general trend, 37% of Dutch respondents opposed the start of national crypto initiatives, much outnumbering the 18% who supported it.
Furthermore, approximately 60% of the 31,000 respondents prefer that their national authorities set financial regulations rather than the European Union.
The European Commission is now working to enforce crypto asset laws across the EU. On September 24, 2020, the European Commission announced a new digital finance package that includes legislative measures for member states’ handling of crypto assets.
“By making laws safer and more digitally friendly for consumers, the Commission intends to foster responsible innovation in the EU’s financial sector, particularly for highly inventive digital start-ups,” the EC noted.