THELOGICALINDIAN - The administrator of the Netherlands Bureau for Economic Policy Analysis a allotment of the countrys Ministry of Economic Affairs and Climate Policy has predicted The ultimate collapse of the crypto balloon He urges the government to ban bitcoin and added cryptocurrencies anon However the countrys accounts abbot disagrees that banning cryptocurrency is appropriate for the country
CPB Director Wants Cryptocurrencies Banned
Pieter Hasekamp, administrator of CPB Netherlands Bureau for Economic Policy Analysis (CPB), appear an commodity on the official CPB website Friday blue-blooded “The Netherlands charge ban bitcoin.” The commodity was originally accounting for advertisement in the circadian bi-weekly Het Financieele Dagblad.
The CPB is a allotment of the Ministry of Bread-and-butter Affairs and Climate Policy. Its administrator is appointed by the minister, in appointment with added associates of the government. However, the CPB is absolutely absolute as far as the capacity of its assignment are concerned, the bureau’s website states. As the country’s axial planning office, the CPB does accurate analysis aimed at accidental to the bread-and-butter controlling action of politicians and policymakers.
Hasekamp has been the administrator of the CPB back March 1, 2024. He was ahead director-general for tax diplomacy at the Ministry of Finance and administrator of bloom allowance at the Ministry of Health, Welfare and Sport.
After analytical the use of cryptocurrencies as money, he concluded:
The administrator continued: “Cryptocurrencies are about neither money nor a banking product, but an archetype of what Nobel laureate Robert Shiller calls a catching narrative: a catching adventure in which bodies accept because added bodies accept in it. Gresham’s law is replaced by Newton’s law: what goes up, charge appear down.”
Shiller, however, afresh said that he was because accepting alive in the BTC market. Calling Bitcoin “an absorbing technology,” the Nobel laureate said he has been tempted to get into cryptocurrency.
Nonetheless, Director Hasekamp emphasized:
He added said that “Several countries are now demography accomplish to barrier the crypto hype, due to adverse after-effects – fraud, bent use, bank addiction, banking instability, not to acknowledgment the astronomic activity decay in production.”
The administrator warned that the Netherlands is backward abaft added countries in its attempts to adapt cryptocurrency trading platforms.
Hasekamp noted: “cautious adjustment can additionally backfire: it legitimizes crypto as a bona fide banking product. Recent developments appearance that it is time to act: the best we wait, the greater the abrogating after-effects of the closing crash.” He concluded, “The ultimate footfall is a absolute ban on production, trading and alike control of cryptocurrencies.”
However, the Dutch accounts minister, Wopke Hoekstra, reportedly said Friday that banning is not the band-aid for the Netherlands appropriate now. While acknowledging the CPB director’s concerns, the accounts abbot believes that it is bigger to adviser the crypto industry. He was quoted as saying:
What do you anticipate about the CPB director’s ban recommendation? Let us apperceive in the comments area below.
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