“The influx of real cash for digital units is helping to fuel Lithuania’s economy, set to expand by 3.1 percent this year, well ahead of a 2.3 percent average for the rest of the EU, according to the European Commission,” says Politico.
“The European Commission has said the influx of real cash for digital units is helping to fuel Lithuania’s economy, which is expected to grow by 3.1 percent this year – ahead of a 2.3 percent average for the rest of the EU,” says the Express.
We can’t quite find where the European Commission says so. In their quarterly reports of economic growth and forecasts, the European Commission does say Lithuania has seem some robust growth with Estonia seeing even higher growth at an incredible 4.9%, but they do not mention Initial Coin Offerings (ICOs), cryptos, tokens, or digital units, in the report.
So where the two papers heard the European Commission say digital units are fueling economic growth, we do not know.
Yet we wouldn’t be surprised if it was the case with the report stating much of the growth in the two countries was due to external investment.
Lithuanian based ICOs have apparently raised half a billion dollars. In a country with a GDP of $96 billion, that new money could certainly fuel some economic growth.
While the equally small country of Estonia suddenly finds itself in the top 10 locations for ICOs. One of the poorest country in Europe just seven years ago, now they’re booming.
A testament to the success of the European Union project in many ways, something Trump can take a leaf from to focus on lifting Mexico rather than babies, but it is also a testament to the wonders the entrepreneurial spirit of the people can build if only given the opportunity.
With the Securities and Exchanges Commission (SEC) in America bringing down the hammer by applying unjust and barbaric century old laws that discriminate against all but the very rich, Europe might now wave the crypto flag.
They have hardly any constrains for “good” men and women that want to raise up to around $10 million. With Estonia itself trying to foxy foxy its way to an Estcoin ICO.
While in France their Finance Minister now professes love for cryptos. In Germany they could do wonders if all those engineers suddenly had a convenient way to tap global markets. In Britain, they have sandboxes, while in Switzerland they have the ambition to become a crypto nation.
For when the people are free, the people can do wonders. And in this decisive year we will say: We won the war. We’ll win the peace.