Ungerns centralbankschef kräver ett EU-omfattande förbud mot handel med kryptovalutor och gruvdrift

Hungary's Central Bank Governor Calls for EU-Wide Ban on Cryptocurrency Trading and Mining

Guvernören i Ungern’s centralbank har krävt ett förbud mot handel med kryptovalutor och gruvdrift i Europeiska unionen. “Det är tydligt att kryptovalutor kan betjäna illegal verksamhet och tenderar att bygga upp finansiella pyramider,” han sa.

Hungarian Central Bank Chief Wants EU-Wide Crypto Trading and Mining Ban

The Hungarian National Bank, the central bank of Hungary, published a statement Friday from György Matolcsy, the governor of the central bank, declaring that theTime has come to ban crypto trading and mining in the EU.

He noted thatChina declared all cryptocurrency activities illegal last Septemberand Russias central bank has proposeda ban on crypto trading and mining.

Commenting on the Russian central banks crypto ban proposal, Governor Matolcsy said:

I perfectly agree with the proposal and also support the senior EU financial regulators point that the EU should ban the mining method used to produce new bitcoin.

I januari, the vice chairman of the Board of Supervisors of the European Securities and Markets Authority (ESMA), Erik Thedéen, called for an EU-omfattande förbud on cryptocurrency mining based on the proof-of-work concept.

The governor of the Hungarian National Bank added that the Russian central bankis rightin saying thatThe breakneck growth and market value of cryptocurrencies is defined primarily by speculative demand for future growth, which creates bubbles.

He emphasized: “The EU should act together in order to preempt the building up of new financial pyramids and financial bubbles. EU citizens and companies would be allowed to own cryptocurrencies abroad and regulators will track their holdings.Governor Matolcsy further opined:

Det är tydligt att kryptovalutor kan betjäna illegal verksamhet och tenderar att bygga upp finansiella pyramider.

Ryssland’s centralbank proposed in January to outlaw all cryptocurrency operations in the country. “Cryptocurrencies also have aspects of financial pyramids, because their price growth is largely supported by demand from new entrants to the market,” according to the report published by the Bank of Russia.

i alla fall, the crypto ban proposal by the central bank was met with opposition as the Russian government, parlament, and even law enforcement departments are reportedly not willing to back the proposal.

Russian President Vladimir Putin subsequently urged the government and the central bank to reach a consensus on cryptocurrency, highlighting the potential of cryptocurrency mining in Russia. Last week, the Russian government godkänd a plan to regulate cryptocurrency.

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