Europeans prefer cryptocurrency regulations of individual governments over the scope of the EU

According to a recent EuroNews poll, 60% of Europeans would prefer their governments to draft regulations on cryptocurrencies, rather than the European Union (EU).

Many of the same proponents also support the creation of central bank digital currencies (CBDC) to assert their country’s financial independence from the European Union.

Cryptocurrency regulation in Europe needs

survey that interviewed 31,000 European citizens was conducted exclusively for EuroNews by Redfield & Wilton Strategies and is the largest ever conducted in Europe on the subject of cryptocurrencies and financial regulations. It took place between August 4-10 with respondents in 12 EU countries, including Germany, France, Greece, Italy, Hungary, Estonia, the Netherlands, Poland, Portugal, Spain, Lithuania and Latvia.

survey was in response to the European Commission’s considerations on legislation to create a new European Union. regulatory framework for crypto assets.

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A large percentage of respondents from Greece (61%) and Germany (34%) believe that the EU and the European Central Bank (ECB) have intervened too much in their country’s economy. On the other hand, participants from Lithuania (41%), Spain (39%) and Portugal (36%) believe that the interference from the EU is fine as it is.

When it comes to cryptocurrency regulations, 76% of Dutch respondents and 70% of Estonians surveyed believe that cryptocurrency laws should be developed by their own governments. In contrast, 36% of respondents from Spain and 30% from Latvia believe that this legislation should come from the European Union.

Also read Texas is the third state this week to target BlockFi’s Bitcoin savings accounts

National CBDC

idea of ​​independent national CBDCs came into play specifically to assert the monetary independence of the European Union. However, this idea elicited a mixed reaction among respondents, although most prefer the idea.

41% of respondents from Italy, 40% from Greece and 39% from Estonia show the highest support for the initiative. However, not all respondents agree with the idea of ​​a CBDC. 37% of respondents from the Netherlands opposed the idea.

In Germany, there was no sure answer to the problem, as 30% indicated they would support a CBDC, while 30% rejected the idea, while the remaining population was unsure of the matter.

ECB announced that it was actively trying to launch an ‘e-euro’, a digital currency that would resemble a stablecoin pegged to the euro.


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