Strasbourg's City Council has voted to explore the feasibility of launching a local digital currency. The initiative, spearheaded by councilor Caroline Zorn of the Pirate Party, aims to assess the economic, social, and technological impacts of a municipal cryptocurrency. The motion highlights the importance of public consultation and environmental considerations, and it remains open to various Web3 technologies, including the possibility of a stablecoin.
While the project is still in its exploratory phase, it represents a significant move for Strasbourg as a major French city. Some council members have raised concerns about potential technical and environmental challenges associated with implementing such a digital currency.
Strasbourg City Council Explores Local Cryptocurrency Initiative
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