Lithuania prepares digital coin for collectors
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.