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The Central Bank of Lithuania intends to release the world’s first collectible cryptocoin, according to a press release from the regulator. The coin will be created using blockchain technology or its analogues.


The coin will be timed to the 100th anniversary of the Lithuanian statehood. As noted in the press release, thus, Lithuania wants to show that it is a “progressive and innovation oriented” country.


To select a specific technology and develop specific solutions, the Central Bank of Lithuania will host a hackathon, which will bring together IT professionals from around the world. The event will be held in May.


The Central Bank of Lithuania has been showing great interest in cryptocurrencies and technologies behind them throughout the year. In particular, by 2019 it is planned to create a blockchain project LBChain, whose goal is to support Lithuanian companies in developing appropriate technological solutions.

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