A big-scale survey of 12 member states of the European Union shows that the vast majority of Europeans choose native governments to create and regulate cryptocurrencies.

Redfield & Wilton Strategies performed a survey for Euronews and interviewed 31,000 respondents from Estonia, France, Germany, Greece, Hungary, Italy, Latvia, Lithuania, the Netherlands, Poland, Portugal, Portugal and Spain.

In the context of latest cryptocurrency legal guidelines proposed by the European Commission (EC), many respondents from all countries supported the creation of a nationwide cryptocurrency. However, the primary purpose for inner tokenization lies in its monetary independence from the European Union.

Among them, respondents from Greece (40%), Italy (41%) and Estonia (39%) confirmed the very best help for the nationwide cryptocurrency, whereas a mean of 30% of individuals from different countries requested for a crypto nation.

Contrary to this pattern, 37% of respondents from the Netherlands are towards the introduction of nationwide crypto initiatives, in contrast with 18% of respondents in favor.

In addition, of the 31,000 respondents, nearly 60% would love their nationwide governments to set monetary laws and not be depending on the European Union.

Related: Europe is ready for a regulatory framework for crypto property to be carried out

The EC is presently attempting to implement EU-wide laws for crypto property. On September 24, 2020, the European Commission proposed a brand new digital monetary bundle that accommodates legislative proposals for the disposal of crypto property within the member states.

To make the transfer clear, the European Commission acknowledged that “by providing safer and more digitally friendly rules for consumers, the Commission aims to encourage responsible innovation.” Responsibility within the EU monetary sector, particularly for extremely revolutionary digital start-ups.