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Europeans Want Their Home Countries to Regulate Cryptocurrency

According to a poll conducted by Redfield & Wilton Strategies across the 12 European Union (EU) nations, most of the respondents prefer their local governments to create and regulate cryptocurrencies.

These 31,000 respondents hail from Estonia, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, the Netherlands, Poland, Portugal and Spain.

Europe is currently waiting for the crypto regulatory framework to be implemented. Many of the respondents are showing support for the creation of a national cryptocurrency, which aims to gain financial independence from the EU.

Nearly 60% of the respondents from all countries show preference for their local government to determine financial regulations than the EU.

Significant proportions of respondents think the EU’s main goal in seeking to regulate cryptocurrencies is to assert more economic and financial control over member states.

 

Louisa Idel, Research Analyst at Redfield & Wilton Strategies

Respondents from Italy showed the highest support out of all the nations, with 41% of them agreeing to launch a national cryptocurrency. Followed by Greece (40%) and Estonia (39%). As for the other countries, an average of 30% of respondents favor national cryptocurrency.

However, 37% of respondents from the Netherlands are against the launch of national cryptocurrency.

 

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