The
Bank of Lithuania plans to issue a blockchain-based digital collectible coin, the LBCoin. In celebration of the anniversary of Lithuania’s independence on 16 February 1918, the coin’s face value will be € 19.18.
“This innovative coin will feature the signatories due to their significant role in the country’s history and contribution to the restoration of our independence. Quite a few of them could be called innovators of their time, as they created and brought progress to Lithuania,” said Marius Jurgilas, Member of the Board of the Bank of Lithuania. Additionally, the bank has
published a global review of Central Bank Digital Currencies (CBDC).
The project is part of the ongoing development of blockchain skills within the Bank, including exploring virtual currencies. “It is especially relevant now since central banks tend to discuss these topics more openly and an outline of such currencies is slowly starting to emerge,” said Mr Jurgilas.
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Image Copyright: Bank of Lithuania
