Netherlands bans Bitcoin
Against the background of not the most pleasant events in the cryptoindustry, new countries are beginning to abandon digital assets. Today, a similar initiative was launched on the territory of the Netherlands. One of the most advanced and humane countries in modern Europe intends to completely exclude the possibility of mining cryptocurrencies, as well as any interactions with Bitcoin. We will tell you what caused such a categorical position and how it will affect ordinary users of the industry. So let’s figure it out.
Who is behind the proposal?
Note that this is not just a state initiative, which will then be sent to many authorities. Not at all. This is a strict instruction from the Ministry of Finance. Or rather, from the head of this department. Pieter Hasekamp notes that, in his opinion, and also based on the points of view of the leading economists of the state, digital assets do not meet any international monetary standard. Therefore, they cannot be recognized as full-fledged money and should be banned altogether. Hasekamp sees three main tasks in money: accounting, a means of payment, and a store of value. And, according to him, cryptocurrencies do not implement any of the described opportunities. But are these the reasons for a complete ban on digital assets, all operations and even the mining of new generation coins? No, these are just reasons not to recognize cryptocurrencies.
Among the arguments in favor of a total ban on digital assets are standard statements about low security, the absence of an advanced control system, and the likelihood of fraud. Which, according to Hasekamp and statistics, is really gaining momentum. Based on the latest data, it can be seen that the percentage of dishonest transactions using digital assets is indeed growing. Nevertheless, the number of honest users of the crypto industry is growing in direct proportion to the growth of fraud. More and more advanced, interested and ideological specialists are coming to the world of Blockchain. Each of which is driving the industry forward. However, in the Netherlands they think differently. Apparently, the state seriously intends to abandon the use of digital assets on its own territory. Let’s discuss what will happen to the industry if another European country openly opposes digital coins.
How will the Netherlands affect the whole world?
In fairness, it should be noted that there have been earlier attempts to limit the proliferation of digital assets. Pieter Hasekamp himself speaks about this. He recalled that the Netherlands failed to limit the digital economy. Therefore, now they decide to simply prohibit everything related to cryptocurrencies. In addition, the deplorable state of the exchange rate of Bitcoin and other leading coins is highlighted. The state worries that its citizens will start to lose money by investing in “unreliable assets”. So the ban is really inevitable.
For our readers from the Netherlands, this will be reflected in an extremely negative way. It is not yet known whether there will be criminal penalties for the use of digital assets. But the fact that work in the same way will become impossible is known for sure. It is also not unlikely that other European countries and world powers will follow the example of the Netherlands.
Subsequent bans and the introduction of even greater sanctions against modern monetary assets are quite possible. Recall that at the moment Bitcoin is going through an extremely difficult stage. After surpassing the $ 60,000 mark, digital gold began to fall steadily. At the time of this writing, the cost of the first cryptocurrency is $ 35,752. Obviously, news from the Netherlands will also negatively affect the dynamics of the value of BTC.
The main thing in such a difficult situation is to remain vigilant and work calmly in changing conditions. And follow the news of the digital industry. Stay tuned, we publish only high-quality and interesting material. Thanks for attention. Good luck!