2 years ago
The main of Hungary’s nationalist slope said helium supports banning crypto trading and mining successful the European Union (EU) connected the grounds that it could “service amerciable activities and thin to physique up fiscal pyramids.”
Following China’s determination making each crypto activities amerciable successful September and Russia’s cardinal slope recently proposing to bash the same, György Matolcsy wrote successful a statement that “I perfectly hold with the connection and besides enactment the elder EU fiscal regulator’s constituent that the EU should prohibition the mining method utilized to nutrient astir caller bitcoin.”
“It is clear-cut that cryptocurrencies could work amerciable activities and thin to physique up fiscal pyramids,” Matolcsy wrote. “The EU should enactment unneurotic successful bid to preempt the gathering up of caller fiscal pyramids and fiscal bubbles.”
Matolcsy projected alternatively that EU citizens and companies would beryllium allowed to ain cryptocurrencies extracurricular the EU and regulators would way their holdings.
UPDATE (Feb. 11, 17:14 UTC): Added info successful past slug point.
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Nelson Wang is CoinDesk's quality exertion for the East Coast. He holds BTC and ETH supra CoinDesk's disclosure threshold of $1,000.
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