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Most Europeans want their governments to regulate cryptocurrency

Thursday 2 September 2021 11:50 CET | News

A poll for Euronews has found that a majority of Europeans want their own governments to regulate cryptocurrency while a growing number would also support the creation of national digital currencies.

It also found that the majority of respondents in each country would rather their own government determine financial regulations, compared to roughly a quarter overall who favoured the EU to make these decisions.

There was significant disagreement, however, over how much influence the ECB should have in member states’ economies. A significant proportion of citizens in Greece (61%), Germany (34%) and Latvia (31%) believed the EU and ECB intervened too much in their country’s economy. Respondents in Lithuania (41%), Spain (39%), Portugal (36%) and Estonia (36%) said the ECB intervened ‘the right amount’.

On the question of who should be in charge of financial regulation, a majority of respondents felt it should be their national government’s responsibility, as opposed to the EU’s.

The idea of creating a national e-currency specifically in order to assert monetary independence from the EU drew a mixed reaction although a plurality of respondents was in favour to some degree. Those in Italy (41%), Greece (40%), Estonia (39%) and Spain (37%) registered the highest support for the initiative, while the Netherlands was the only country where there were more opposed than in favour (37%).

As with financial regulation, when it comes to regulating cryptocurrencies, a majority or plurality of citizens in Greece (51%), Italy (47%), Estonia (46%), the Netherlands (41%), Germany (40%), Latvia (39%) and France (37%) said they would prefer if their own government regulating cryptocurrencies.


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Keywords: cryptocurrency, regulation, CBDC
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: Europe
This article is part of category

Blockchain & Cryptocurrencies