Survey finds Europeans want home countries to regulate crypto, not the EU

A large-scale poll in 12 member states of the European Union found that a majority of Europeans would prefer local governments to create ...



A large-scale poll in 12 member states of the European Union found that a majority of Europeans would prefer local governments to create and regulate cryptocurrencies.

Redfield & Wilton Strategies carried out a investigation for Euronews, interviewing 31,000 people surveyed in Estonia, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, the Netherlands, Poland, Portugal and Spain.

In the context of the new crypto laws proposed by the European Commission (EC), a lion’s share of respondents from all countries supported the creation of a national cryptocurrency. The main reason for an internal token, however, is attributed to obtaining financial independence from the European Union.

On the lot, respondents from Greece (40%), Italy (41%) and Estonia (39%) showed the greatest support for a national cryptocurrency, while an average of 30% of respondents from other countries were in favor of a national currency. cryptocurrency.

Bucking this trend, 37% of Dutch respondents opposed the launch of national crypto initiatives, eclipsing the 18% of respondents in favor.

In addition, nearly 60% of the 31,000 respondents want their national government to determine financial regulation rather than being dependent on the European Union.

Related: Europe awaits the implementation of the regulatory framework for crypto assets

The EC is currently trying to implement regulations for crypto assets in the European Union. On September 24, 2020, the EC proposed a new digital finance package which included legislative proposals related to the treatment of crypto assets in Member States.

Clarifying the move, the EC said that “by making the rules safer and more digitally-friendly for consumers, the Commission aims to boost responsible innovation in the EU financial sector, especially for start-ups. very innovative digital ups ”.