Lithuania to Offer World’s First Collectible Crypto Coin in 2020

(Bloomberg) -- Lithuania, which is trying to position itself as a financial-technology hub for start-ups, will offer the world’s first crypto coin for collectors in the first half next year.

The central bank said Monday it will release a digital coin dedicated to the Baltic nation’s 1918 declaration of independence. The bank’s e-shop will offer 24,000 collector tokens based on blockchain technology. The coins won’t enter into circulation and won’t be legal tender.

The project will provide the central bank with experience of digital currencies and will test blockchain-based services in the financial sector.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editors responsible for this story: Andrea Dudik at adudik@bloomberg.net, Andrew Langley, Michael Winfrey

©2019 Bloomberg L.P.