A member of the European Parliament and former finance minister of Belgium, Johan Van Overtveldt, has called for a “strict ban” on cryptocurrencies in the wake of the current banking crisis in the United States.
The politician referred to digital assets as “speculative poison” in a March 17 tweet, suggesting that lawmakers should consider banning cryptocurrencies as a “lesson” from the collapses of Silicon Valley Bank, Signature Bank and Silvergate Bank.
“If a government bans drugs, it should also ban cryptocurrencies,” Overtveldt said, reinforcing his position in favor of banning cryptocurrencies. The proposal could have a significant impact on the cryptocurrency market around the world, if carried out.
Nog een les te trekken uit de huidige bankcommotie. Leg een strikt verbod op cryptocurrencies op. Speculatief gif en geen enkele economische- of sociale toegevoegde waarde. Als een overheid drugs verbiedt, moet ze ook crypto's verbieden.
— Johan Van Overtveldt (@jvanovertveldt) March 17, 2023
The European Parliament's Committee on Economic and Monetary Affairs has approved the Markets in Crypto-Assets, or MiCA, framework, which will take effect from 2024. Meanwhile, US lawmakers have blamed financial institutions for their connection to cryptocurrency companies. by the banking crisis.
