Europeans want cryptocurrencies to be regulated by states, not the EU

Europeans want to regulate cryptocurrencies locally

31,000 people living in Europe were interviewed by Redfield & Wilton. They spoke for 12 countries: Germany, Spain, Estonia, France, Greece, Hungary, Italy, Latvia, Lithuania, the Netherlands, Poland and Portugal.

The majority of Europeans surveyed expressed anti-EU views regarding the regulation of cryptocurrencies. In France, 55% of respondents want the finance sector to be monitored nationally. This share amounts to 61% in Germany, 67% in Greece, and 76% in the Netherlands.

Logically, a significant proportion of Europeans believe that the European Central Bank (ECB) intervenes too widely in the economy of their respective countries. This is the opinion of 61% of Greeks, 34% of Germans and 31% of Latvians. In France, this share falls to 23%, the French judging at 24% that the ECB is intervening correctly, or not enough (19%).

๐Ÿ‘‰ Also read – The Tezos and NEM blockchains have been tested in the ECB’s digital euro project

National, rather than European, digital currencies

While the ECB has started a Europe-wide central bank digital currency (MNBC) project, the idea doesn’t necessarily appeal to people on the continent. A majority would be in favor of local cryptocurrencies, in order to “assert monetary independence from the European Union”.

national cryptocurrency Europe regulation

Source: Euronews

31% of French people questioned are therefore favorable or very favorable to a national cryptocurrency. This share rises to 41% among Italians, 40% among Greeks and 37% among Spaniards.

It should also be noted that the majority of Europeans believe that they know โ€œvery littleโ€ about the field of cryptocurrencies. Among those cited, it is unsurprisingly Bitcoin that is the best known.

๐Ÿ‘‰ On the same subject – Which central banks are leading the race for digital currencies?

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About the author: Marine Debelloir

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Deputy Editor-in-Chief on Cryptoast, I fell into the pot of cryptocurrencies a few years ago. I am passionate about the innovative technologies that arise from the blockchain and I like to find the most delicious information to share with you.
All articles by Marine Debelloir.

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