Digital Coin News

Hungary's central bank chief wants EU-wide crypto trading and mining ban

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

Are you hungry for crypto, Hungary? Nah, says the country's central bank chief.

He also pointed out the Russian central bank’s proposal that calls for a. Reciprocating the proposals for a crypto ban, Matolcsy said:

“I perfectly agree with the proposal and also support the senior EU financial regulator’s point that the EU should ban the mining method used to produce most new bitcoin.” The governor strongly believes in cryptocurrency’s potential to “service illegal activities and tend to build up financial pyramids.” Matolcsy also highlighted concerns raised by the Russian central bank — that the market value in crypto is determined by the “speculative demand for future growth, which creates bubbles.”

On an end note, governor Matolcsy calls for an outright blanket ban on cryptocurrencies to counter the investor’s risks related to financial pyramids and bubbles: “EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I'm sure the people of Hungary disagree with the central bank!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hungary's Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining – Bitcoin NewsHungary’s central bank governor says that the “Time has come to ban crypto trading and mining in the EU.” cryptocurrency bitcoin $BTC Enjoy staying Hungry Why the fcuk does EU call itself liberal when all it can do is to ban. socalledliberaldemocracy
Source: BTCTN - 🏆 531. / 51 Read more »

EU finance chief says digital euro bill coming in early 2023The European Union’s finance chief has stated that a bill proposing a digital euro will be put forward in 2023 and if it gets the green light, the central bank digital currency will be introduced in 2025. Bitcoin is all you need If Bitcoin is not mass adopted at this point it's definitely the end of (financial) freedom for everybody who doesn't own Bitcoin..
Source: Cointelegraph - 🏆 562. / 51 Read more »