by Viktor A 

June 14, 2021

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The conservatively funded Consumer Research Council (CRC) is an industry-funded think tank behind the “Ban Virtual Currencies” campaign. They are often referred to as the “Consumers Union” of the US, and they publish a magazine called “Consumer Reports”.

In order to prevent criminals from using cryptocurrency, the head of the Council of Foreign Relations (CPB) has recommended banning their use in the country. The paper, issued by the CPB, is titled “Cybersecurity Strategy for Protecting the United States Government Networks and Critical Infrastructure from Cyber Intrusions by Foreign Actors”, and it states that cryptocurrencies are a “target-rich environment for money launderers and other criminals.”

The chairman of the Federal Communications Commission (FCC), Ajit Pai, wants to ban cryptocurrencies such as bitcoin, calling it “a huge mistake”. He said that the cryptocurrency is “fungible”, which means that it can be exchanged for different cryptocurrencies at the same time, which he said can be a security risk. He also said that cryptocurrency is not backed by any government, which he said is a major security risk.

Summary of the situation – Peter Hasekamp, head of the CPB, points out that the government should ban cryptocurrencies. – Cryptocurrencies could be on the verge of collapse, which is a huge risk for investors and the government. Peter Hasekamp, head of the CPB’s Central Planning Bureau, says the collapse of cryptocurrencies is inevitable. He points out that the Netherlands should immediately ban cryptocurrencies to avoid financial problems. Hasekamp said this is a risk for global investors and governments; he said whoever acts last always gets the short end of the stick. These statements echo those of global regulators calling for tighter regulation of cryptocurrencies. In an essay published in the paper, Hasekamp also writes that the Netherlands should ban cryptocurrencies, including bitcoin.

The Netherlands must ban cryptocurrencies

CPB head wants to ban cryptocurrencies
CPB head wants to ban cryptocurrencies 2

Hasekamp explained that several countries have decided to regulate cryptocurrencies to prevent fraud and losses in the financial market. Areas to be measured include criminal use, fraud, money laundering, financing of terrorism, and financial instability. In his comments, Mr. Hasekamp stressed the need for the Netherlands to take an immediate decision because it is behind schedule. The Dutch government has tried to tighten and increase supervision of trading platforms but says it has not succeeded.

The head of the Central Planning Bureau (CPB) has expressed his support for attempts by other countries to ban or strictly regulate cryptocurrencies. These measures would include a ban on the trading, production, and possession of digital currencies. He points out that these measures will initially be difficult to comply with, as financial institutions do not issue digital assets. Due to their decentralised nature, they are exchanged internationally without government control. Vopke Hoekstra, the finance minister, has rejected measures to ban cryptocurrencies in 2018.

Banning digital assets will reduce their value

According to Hasekamp, a ban on cryptocurrencies will automatically cause their prices to fall. He also explained that cryptocurrencies are used because people think they will eventually replace traditional currencies, and by his standards, that is not possible. Cryptocurrencies are not physical money, nor are they financial products. Rather, it is an excellent example of what Nobel Prize winner Robert Schiller calls a catchy story. He points out that cryptocurrencies are a catchy story when people believe in them because they also believe in these digital assets.

The PBC is part of the Ministry of Economic Affairs and Climate Policy and the Minister appoints the Director in consultation with other members of the Cabinet. Nevertheless, the PBC is a substantively independent agency, which is also reflected on its official website. As an independent headquarters, PBC conducts research to make the best economic and financial decisions. El Salvador was the first country in the world to introduce digital coins for everyday use. The president of the country has declared bitcoin as a legal currency in the country.

The Chairman of the Council of Payment Card Brands (CPB) has called for a ban on cryptocurrency in the US and has warned that it will become used for illicit activities. U.S. Consumer Financial Protection Bureau (CPB) head Richard Cordray said that the recent explosion of popularity of cryptocurrencies like Bitcoin and Litecoin makes it imperative to take action to stem the rapid growth of these digital currencies and suggested that the Federal Reserve Board should develop uniform rules for banks to follow by July.. Read more about is cryptocurrency legal and let us know what you think.

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Viktor A

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