Sunday, October 1, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home Currencies

Dutch finance minister calls for regulation of digital currency

MtR by MtR
June 19, 2021
in Currencies
0
Dutch finance minister calls for regulation of digital currency


Rather than banning it outright, the finance minister of the Netherlands has called for regulation of digital currency, which he suggests is a more effective way of tackling the growth in digital currency adoption in the country.

Minister Wopke Hoekstra said the Netherlands should not prohibit citizens from using digital currency entirely, in spite of the risks, but should instead take a supervisory approach, both at a national and European level.

The comments come following remarks from local officials calling for a ban on digital currency usage in the country, citing the volatility and risks inherent in digital currency transactions.

Responding to the suggestion, Hoekstra said government supervision would provide a more effective solution for addressing the needs of the Dutch digital currency sector.

“My observation is now that supervision is more effective than a total ban in the Netherlands.”

He also referenced a prior warning issued back in 2017 just a matter of weeks before BTC hit $20,000 for the first time, where he warned of the risks of trading in digital currency, which he said was “entirely at their own expense and risk.”

“That’s going very well now, but we’ve also seen big dips and peaks along the way.”

His comments come after remarks last week from the director of the Dutch Bureau for Economic Analysis, Pieter Hasekamp, suggesting the government should immediately outlaw all dealings in BTC, including mining, trading and holding BTC tokens.

In particular, Hasekamp said BTC was not capable of performing the essential functions of money, and could be neither a unit of account, a store of value or a means of payment.

The comments reflect similar sentiments from others in the mainstream financial community, particularly towards BTC, which is largely used only by speculators hoping for an increase in price.

The calls for regulation in the Netherlands would be a more satisfactory solution for the emerging digital currency sector there, which is keen for regulation to establish a legal framework for digital currency and related businesses.

See also: CoinGeek Zurich panel on Digital Technology and the Future of Banking & Financial Services

New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.



Source link

Related articles

Digital currency and Pakistan’s economy

Digital currency and Pakistan’s economy

October 1, 2023
All Currencies (& How to Get Them)

All Currencies (& How to Get Them)

October 1, 2023

Related Posts

Digital currency and Pakistan’s economy

Digital currency and Pakistan’s economy

by MtR
October 1, 2023
0

he transition from physical cash to digital currency is a global trend observed in several developed and emerging economies, including...

All Currencies (& How to Get Them)

All Currencies (& How to Get Them)

by MtR
October 1, 2023
0

Featuring more RPG elements, Mortal Kombat 1 introduces additional options for players to utilize their XPs and coins. However, the...

PKR Review: Rupee dominates world’s currencies in September

PKR Review: Rupee dominates world’s currencies in September

by MtR
September 30, 2023
0

September 30, 2023 (MLN): The Pakistani rupee (PKR) had been experiencing its fair share of challenges over the past few months,...

Pakistani Rupee On Track To Become Top Performing Currency | MoneyCurve | Dawn News English

Pakistani Rupee On Track To Become Top Performing Currency | MoneyCurve | Dawn News English

by MtR
September 30, 2023
0

Updated 29 Sep, 2023 It is hoped that the ECP followed the set rules diligently while demarcating constituency boundaries. Updated...

Tunisia works to support some agricultural sectors which generate foreign currency

Tunisia works to support some agricultural sectors which generate foreign currency

by MtR
September 30, 2023
0

Tunisia  - The Agriculture Ministry is working to support some foreign exchange-generating agricultural sectors such as olive growing, citrus growing and...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
Indian superstar hints of ODI retirement after the 2023 World Cup

Indian superstar hints of ODI retirement after the 2023 World Cup

October 1, 2023
South Shore, Mass., real estate sales for Aug. 28-Sept. 1, 2023

South Shore, Mass., real estate sales for Aug. 28-Sept. 1, 2023

October 1, 2023
Ahmedabad authorities bust international drug ring with cryptocurrency links

Ahmedabad authorities bust international drug ring with cryptocurrency links

October 1, 2023
Watch Out For Call Options In Your Long-Term Debt Instruments

Watch Out For Call Options In Your Long-Term Debt Instruments

October 1, 2023

Recent News

Indian superstar hints of ODI retirement after the 2023 World Cup

Indian superstar hints of ODI retirement after the 2023 World Cup

October 1, 2023
South Shore, Mass., real estate sales for Aug. 28-Sept. 1, 2023

South Shore, Mass., real estate sales for Aug. 28-Sept. 1, 2023

October 1, 2023
Ahmedabad authorities bust international drug ring with cryptocurrency links

Ahmedabad authorities bust international drug ring with cryptocurrency links

October 1, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter