According to Pieter Hasekamp, director of the government’s economic think tank CPB, the Netherlands must ban cryptocurrencies as soon as possible before an “unavoidable crash” occurs.
Unlike in other countries, Dutch authorities write in an essay by CPB on fraud, criminal use, gambling addiction, financial instability, and a lot of energy, ”Hasekamp wrote in Financieele Dagblad’s essay.
He said the loose approach to regulation is a “legal” cryptocurrency. “The longer we wait, the greater the negative impact of the inevitable crash,” he said.
Immediate bans on the production, possession and trading of cryptocurrencies can take their lives. That is, “it has no intrinsic value and is accepted by others.”
According to experts, such bans are difficult to crack down because cryptocurrencies are not issued by financial institutions and are traded internationally. That’s why Finance Minister Wopke Hoekstra refused the ban in 2018.
According to some estimates, about 700,000 people are currently investing in cryptocurrencies in the Netherlands.
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The Netherlands should ban Bitcoin, says a government think tank official
Source link The Netherlands should ban Bitcoin, says a government think tank official