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This is the first cryptocurrency from a central bank in Europe

by CBDC Insider Staff
July 24, 2020
in Business, Europe
Reading Time: 1min read
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This is the first cryptocurrency from a central bank in Europe
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The Central Bank of Lithuania officialized this July 23 the launch of its digital collection coin LBCoin, a cryptocurrency that runs on the NEM blockchain. The project represents a challenge for eurozone central banks that have not been as outspoken about blockchain technology.
LBCoin is the world’s first known central bank-issued collectable digital currency. Its characteristics make it a unique case, since it has a hybrid infrastructure: an interoperable system that It integrates the private network of the Lithuanian bank with the public blockchain of NEM.

Continue read: https://world-today-news.com/this-is-the-first-cryptocurrency-from-a-central-bank-in-europe/

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