June 18, 2024

Lithuanian Central Bank issues collectible digital tokens

Lithuanian Central Bank issues collectible digital tokens

The Bank of Lithuania will issue digital collection coins dedicated to the signing of the Independence Act.

HowAccording to the official website of the Central Bank of Lithuania, by the spring of 2020, 24 thousand collection tokens will be issued. It will be possible to buy and store them using the electronic account of the Bank of Lithuania.

Each token will be dedicated to one of the twenty delegates who signed the independence document, and the coins will be divided into six categories, depending on the field of activity of the delegates.

When buying a digital coin, users will receivesix randomly selected tokens, and only after receiving a token from each category can they redeem a physical silver coin worth € 19.18.

Marius Jurgilas, a member of the Board of the Bank of Lithuania, noted that issuing a collection token will give the regulator important experience:

“This is especially true now as central banks discuss these topics more openly and the outlines of such currencies are gradually emerging.”

Recall that in September it became known that Lithuanian Narvesen stores and Lithuanian Press kiosks will start selling bitcoin vouchers.