Dutch finance minister Wopke Hoekstra thinks a total ban—as suggested by economic advisor Pieter Hasekamp—is no solution to concerns about crypto. “Cryptocurrencies demonstrate all the hallmarks of ‘bad money’: unclear origin, uncertain valuation, shady trading practices,” he argued. Their anonymity makes them useful for criminals, he argued, and they’re no good as money, failing as units of account, means of payment and stores of value.
Minister Hoekstra understood the concerns of Hasekamp about cryptocurrencies. But a total ban, the kind that Hasekamp proposed, would be less preferable to regulatory supervision, he told the Dutch channel RTL, reported its sister newspaper on Friday.
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