Dutch Finance Minister: Reasonable regulation of cryptocurrencies is more effective than direct ban

According to NU on Sunday, Wopke Hoekstra, the Dutch finance minister and leader of the Christian Democratic Appeal Party since 2017, said a ban that only applies to the Netherlands does not make sense. Monetary policy in the Netherlands is managed by the European Central Bank, so a unilateral ban in a single eurozone country would have limited effect.

Hoekstra said, “A reasonable regulation of cryptocurrencies would be a better option. I think this would be more effective than a blanket ban in the Netherlands.”

BitPush reported last Friday that Pieter Hasekamp, ​​director of the Netherlands Central Planning Bureau (CPB), believes that the collapse of cryptocurrencies is inevitable in the future. He urged the Dutch government to immediately impose a ban on Bitcoin and other digital currencies.

Pieter Hasekamp said that the last person to leave is the loser as far as investors and governments are concerned, so in order to protect investors, the Dutch government must stop trading, producing and even owning cryptocurrencies. Hasekamp believes that a ban on cryptocurrencies will definitely lead to a decline in the value of Bitcoin and other cryptocurrencies and may "herald the end of cryptocurrencies." He criticized cryptocurrencies for not being issued by official financial institutions and that governments and financial institutions around the world have little control over them. Hasekamp added: "After all, the product itself has no intrinsic value, and its appeal comes only from being accepted by others."