December 12, 2019 by Xavier
According to an official press release, the Bank of Lithuania would throw the tokens of a digital collection in the spring of 2020. This project is part of the purpose of the bank to develop its knowledge of the technology Blockchain.
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A celebration of the independence Lithuanian
The tokens of the collection (or “crypto-collectible”) established by the Bank of Lithuania would symbolize the country’s independence. In effect, each token will represent one of the twenty signatories of the treaty of independence.
“These tokens, as well as innovative will feature the signatories because of their important role in the history of the country and their contribution to the restoration of our independence. Many of them can be qualified as innovators of their time, because they have created and brought the progress in Lithuania, ” said Marius Jurgilas, member of the Board of the Bank of Lithuania.
Thus, each token of collection provided by the central bank will show a part of the declarations of the signatories (see image). The crypto-currency called LBcoin will be sold to 19,18 euros, a price that has been chosen to reflect the date of independence of 16 February 1918.
A spokesman for the Bank announced that the project will be deployed on the Blockchain NEM and crypto-currencies will be stored on a portfolio private provided by the Bank of Lithuania.
An ode to the technology blockchain
Lithuania seeks since to become a global epicentre of technology, Blockchain and crypto-currencies.
“It is all the more important now that the central banks tend to talk more openly about these issues, and that the contours of these currencies are slowly starting to take shape,” said Marieus Jurgilas.
The country is a staunch defender of the blockchain and has created its association blockchain, the Blockchain Center Vilnius, to encourage the innovations of this technology . At the same time, in 2019, the nation norway is in favour of the ICO in regulating the tool of fund-raising undertaken by the crypto-entrepreneurs.
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