The survey found that Europeans want their country to regulate cryptocurrencies, not the EU

A large-scale public opinion survey spanning 12 EU member states shows that most Europeans prefer local governments to create and regulate cryptocurrencies.

Redfield & Wilton Strategies conducted a Polls Euronews surveyed 31,000 respondents from Estonia, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, the Netherlands, Poland, Portugal and Spain.

In the big context The new encryption law proposed by the European Commission (EC), the majority of respondents from all countries support the creation of a national cryptocurrency. However, the main reason for internal tokens is to obtain financial independence from the European Union.

Among them, respondents in Greece (40%), Italy (41%) and Estonia (39%) have the highest support for national cryptocurrencies, while an average of 30% of respondents in other countries support national cryptocurrencies.

Contrary to this trend, 37% of respondents from the Netherlands opposed the launch of a national encryption plan, which dwarfs the 18% who support the respondents.

In addition, among the 31,000 respondents, nearly 60% want their national government to decide on financial regulation instead of relying on the European Union.

related: Europe awaits implementation of a regulatory framework for crypto assets

The EC is currently trying to implement regulations for crypto assets throughout the European Union. On September 24, 2020, EC proposed a new digital financial plan, including Dealing with crypto assets in member states.

The European Commission clearly stated that “by establishing safer and more digitalized rules for consumers, the Commission aims to promote responsible innovation in the EU’s financial sector, especially for highly innovative digital start-ups.”