The game of coins is on. And that’s not referring to another token offering bubble, but instead to increasing sovereign efforts aimed at the development of state-backed digital currencies.
To be sure, much ado has already been made about China’s apparently advanced plans for a digital yuan, and some influential American officials have recently been expanding their calls for similarly taking the U.S. dollar to the blockchain.
In the same vein, the latest digital currency buzz hails out of Europe, or in Turkey’s case the edge of Europe.
That’s because two notable developments have materialized this week, the first being that a European Union draft document has been created to propose the E.U. develop its own digital currency, and the second that Turkey’s central bank-backed…