A large-scale survey conducted across 12 European Union member countries found that the majority of Europeans expect local governments to establish and constrain cryptocurrencies.
There was a large-scale poll conducted across 12 Europeans Union member states which said that a majority of Europeans want local governments to create and regulate cryptocurrencies. Redfield & Wilton methods conducted a survey for Euronews, polling 31,000 respondents from Estonia, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, the Netherlands, Poland, Portugal and Spain.
Even with the new crypto laws proposed by the European Commission (EC) in action it is said that a major share of respondents from all nations stood by the development of a national cryptocurrency. The most important reason as to why an in-house token is considered to achieve financial independence from the European Union. In the survey, respondents from Greece (40%), Italy (41%), and Estonia (39%) showed the highest support for national cryptocurrency with an average of 30% of respondents from different countries was in support of a national cryptocurrency.
At least 37% of respondents from the Netherlands were against this they opposed the start of national crypto initiatives, dwarfing the 18% supporting respondents. However, 60% of the 31,000 respondents want their national government to understand the financial regulations instead of depending on the European Union. The EC is trying to impose regulations for crypto assets all around the European Union. On Sept. 24, 2020, the EC proposed a new digital finance package that had legislative proposals connected with the handling of crypto assets in the member states. The EC also mentioned that “by making rules safer and more digital friendly for consumers, the Commission aims to boost responsible innovation in the EU’s financial sector, especially for highly innovative digital start-ups.”