Crypto Monitoring 'More Effective' Than Outright Ban, Dutch Finance Minister Says
The minister was responding to calls by the head of Bureau for Economic Policy Analysis for a total ban.
Jun 14, 2021 at 11:08 a.m. UTCUpdated Aug 21, 2021 at 7:15 p.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/IOY5IQFXXZHZDFT6O52QGLKIZY.jpg)
Dutch Finance Minister Wopke Hoekstra said monitoring of crypto would be "more effective" than an outright ban.
- Hoekstra, the Netherlands' minister of finance since 2017 and leader of the Christian Democratic Appeal party, said there is no sense in a ban that would only apply in the Netherlands, NU.nl reported Sunday.
- Monetary policy in the country is governed by the European Central Bank, and therefore a unilateral ban in a single eurozone state would have limited effect.
- Monitoring and supervising cryptocurrency would be preferable: "My observation is now that that is more effective than a total ban in the Netherlands," Hoekstra said.
- The minister was responding to calls made Friday by Pieter Hasekamp, head of the Bureau for Economic Policy Analysis, for a total ban.
- "The eventual collapse of the crypto bubble is inevitable," Hasekamp said. "The longer we wait, the greater the negative consequences of the eventual crash."
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)