MEP and former Belgian Finance Minister Johan Van Overtveldt called for a ban on cryptocurrencies in a tweet on March 17, following the turmoil in the banking sector. .
The economic spokesman for a group of 64 EU parliamentarians made the comments as the European Parliament prepares to vote on a ground-breaking crypto licensing scheme for the EU.
“Another lesson to be learned from this financial turmoil: strictly ban cryptocurrencies,” he said.Van Obervelt says cryptocurrencies are mere speculation and have “no economic or social value.”tweeted.
“If governments ban drugs, they should ban crypto,” he added. The collapse of crypto-friendly Silvergate Bank and Silicon Valley Bank has spread to European markets, with Credit Suisse shares at record lows and the Swiss National Bank had to borrow $53 billion (approximately ¥7.3 trillion) from
Van Obervelt is a member of the right-wing European Conservative and Reform Group (ECR) in the European Parliament and sits on the Committee on Economic and Monetary Affairs. He was Belgium’s Minister of Finance from 2014 to 2018. The ECR stands for “personal liberty… private property… small government.”
The 705 members of the European Parliament are set to vote on regulation of the cryptocurrency market as early as April. The regulation provides a regulatory framework for wallet providers and exchanges when following governance and consumer protection norms.
Van Overvelt has previously led congressional work on new legislation that would allow the trading of securities based on distributed ledger technology, and said the technology behind crypto has “huge potential” to improve productivity. was saying
｜Translation: coindesk JAPAN
｜Editing: Toshihiko Inoue
| Image: Johan Van Overtveldt (ShutterStock)
｜Original: Former Belgian Finance Minister Calls for Crypto Ban in Wake of Banking Crisis