{"id":75759,"date":"2023-03-17T16:12:50","date_gmt":"2023-03-17T14:12:50","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75759"},"modified":"2025-09-10T13:29:21","modified_gmt":"2025-09-10T10:29:21","slug":"former-belgian-finance-minister-calls-for-ban-on-cryptocurrencies-amid-banking-crisis","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/former-belgian-finance-minister-calls-for-ban-on-cryptocurrencies-amid-banking-crisis\/","title":{"rendered":"Former Belgian finance minister calls for ban on cryptocurrencies amid banking crisis"},"content":{"rendered":"<p>The former Belgian finance minister and current member of the European Parliament, Johan Van Overtveldt, has called on authorities to ban cryptocurrencies.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\" data-theme=\"light\">\n<p lang=\"nl\" dir=\"ltr\">Another lesson to draw from the current bank turmoil. Impose a strict ban on cryptocurrencies. Speculative poison and no economic or social value added. If a government bans drugs, it should also ban cryptocurrencies.<\/p>\n<p>\u2014 Johan Van Overtveldt (@jvanovertveldt) <a href=\"https:\/\/twitter.com\/jvanovertveldt\/status\/1636644994772598785?ref_src=twsrc%5Etfw\">March 17, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cOne more lesson to draw from the current banking turmoil. A strict ban on cryptocurrencies is necessary. Speculative poison and no economic or social value. If the government bans drugs, it should also ban cryptocurrencies,\u201d the politician wrote.<\/p>\n<\/blockquote>\n<p>Overtveldt made the statement in the wake of the collapse <a href=\"https:\/\/u1f987.com\/en\/news\/us-rescue-saves-svb-and-signature-bank-depositors-stablecoins-narrow-the-depegging\"><span data-descr=\"Silicon Valley Bank\" class=\"old_tooltip\">SVB<\/span> and Signature Bank<\/a>, the fallout of which spread to Europe, affecting one of the region&#8217;s largest local investment banks \u2014 Credit Suisse.<\/p>\n<p>On 15 March, the <a href=\"https:\/\/u1f987.com\/en\/news\/stock-market-fears-credit-suisse-collapse-bitcoin-remains-resilient\">fell<\/a> in price by more than 15%, and at one point the decline from the <span data-descr=\"historical maximum\" class=\"old_tooltip\">ATH<\/span> reached 98%. This prompted Credit Suisse <a href=\"https:\/\/www.credit-suisse.com\/about-us-news\/en\/articles\/media-releases\/csg-announcement-202303.html\">\u0437\u0430\u0434\u0443\u043c\u0430\u0442\u044c\u0441\u044f<\/a> about a $53 billion loan from the Swiss National Bank.<\/p>\n<p>In <a href=\"https:\/\/www.europarl.europa.eu\/doceo\/document\/CRE-9-2022-03-23-INT-1-211-0000_EN.html\">\u043f\u0440\u043e\u0448\u043b\u043e\u0433\u043e\u0434\u043d\u0438\u0445 \u0434\u0435\u0431\u0430\u0442\u0430\u0445<\/a>, Overtveldt noted the \u201cgreat potential\u201d of the technologies underlying cryptocurrencies.<\/p>\n<p>Earlier in March 2023, the European Parliament <a href=\"https:\/\/u1f987.com\/en\/news\/eu-lawmakers-set-sights-on-regulating-smart-contracts\">adopted a data-protection bill<\/a> that concerns smart contracts.<\/p>\n<p>Later the EU authorities <a href=\"https:\/\/u1f987.com\/en\/news\/european-parliament-approves-law-on-eu-wide-digital-identity-wallets\">approved a decree<\/a> on the system of digital identity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Belgian finance minister and current member of the European Parliament Johan Van Overtveldt has called on authorities to ban cryptocurrencies.<\/p>\n","protected":false},"author":1,"featured_media":75760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,1269,1138],"class_list":["post-75759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-cryptocurrencies","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=75759"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75759\/revisions"}],"predecessor-version":[{"id":75761,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75759\/revisions\/75761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/75760"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=75759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=75759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=75759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}