The cabinet must ban bitcoin and other cryptocurrencies, head of central planning office CPB, Pieter Hasekamp said in Het Financieele Dagblad. He believes that a crash of cryptocurrencies is unavoidable and that the Netherlands should act as soon as possible.
“For investors and the governments alike, the last person to act is the loser. The Netherlands must now ban bitcoin,” Hasekamp wrote in an essay published in the newspaper.
Hasekamp stated that several countries took steps to curb cryptocurrencies, citing fraud, criminal use, and financial instability. According to him, The Netherlands is lagging behind. Attempts have been made to tighten up the supervision of trading platforms but without much success.