Lithua­nia pre­pares dig­i­tal coin for col­lec­tors

Baltic News Network - - Front Page -

The Bank of Lithua­nia an­nounced that it will re­lease a crypto coin aimed at nu­mis­mat­ics’ en­thu­si­asts some time in 2017 and the vir­tual coins will not be meant for use in cir­cu­la­tion or em­ployed as a recog­nised medium of pay­ment.

Amer­i­can busi­ness magazine For­tune and Bloomberg me­dia com­pany re­port that the step is ex­pected to demon­strate in­ter­na­tion­ally that Lithua­nia is a «pro­gres­sive and in­no­va­tion-fos­ter­ing coun­try, al­ways open to new ideas» com­mented the cen­tral bank’s board mem­ber Mar­ius Jurgi­las on Tues­day, March 6.

«In­tro­duc­ing a dig­i­tal col­lec­tor’s coin, Lithua­nia would be the first to break new ground in nu­mis­mat­ics,» Jurgi­las stated.

The cen­tral banks of many coun­tries, also the Bank of Lithua­nia, have treated vir­tual cur­ren­cies with cau­tion tak­ing in to ac­count their spec­u­la­tive char­ac­ter­is­tics, spec­tac­u­lar price swings and us­age in crime.


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