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Dutch official calls for complete ban on Bitcoin

cointelegraph.com

41–50 of 221 posts

Re: Dutch official calls for complete ban on Bitcoin

#42
post #26
post #10

This is the 'Centraal Plan Bureau'. If you open up the front door, you're met with a cloud of dust. The parkinglot is filled with oldtimers and the interior is very 'that 70's show'.

> The parkinglot is filled with oldtimers and the interior is very 'that 70's show'. Could you please explain how that ad-hominem based on blatant ageism does anything to refute the points regarding the nature of cryptocurrencies?

>Could you please explain how that ad-hominem

So, you're saying Baye's rule doesn't work anymore?

Re: Dutch official calls for complete ban on Bitcoin

#43
post #25
post #10

This is the 'Centraal Plan Bureau'. If you open up the front door, you're met with a cloud of dust. The parkinglot is filled with oldtimers and the interior is very 'that 70's show'.

This description is too funny :) It does have a high amount of old man screaming at the cloud. You can have a lot of valid critical views of cryptocurrency (environmental impact / gambling aspect ), but this his view is very unhelpful Does CPB actually has anything to say here? I was expecting "De Nederlandse Bank" to be the organisation to set the rules here.

This is purely the personal opinion of a pubic official. Neither organization has any regulatory power on this topic. CPB is an independent agency providing economic prognoses and analysis. DNB is in charge of monetary policy but doesn't have the power to completely ban cryptocurrency.

Anyway, when the ministry of finance investigated a crypto ban back in 2018 they concluded that it would be completely impractical to enforce such a ban. I don't think that has changed in any way.

Re: Dutch official calls for complete ban on Bitcoin

#44
post #28

Earlier quoted context omitted.

El Salvador hasn't adopted it yet.

What do you mean? The law has passed, and takes effect in 90 days

El Salvador only passed a vote where they agreed to pass a law sometime in the future.

https://www.reuters.com/world/americas/el-salvador-approves-...

From the article:

> With 62 out of 84 possible votes, lawmakers voted in favor of the move to create a law to adopt bitcoin (...)

> (...)

> Its use as legal tender will begin in 90 days, with the bitcoin-dollar exchange rate set by the market.

Re: Dutch official calls for complete ban on Bitcoin

#49
post #38
post #30

Earlier quoted context omitted.

> BTC is framed as destructive or dangerous and CBDC is their solution. It's hard to refute their point when we've just saw bitcoin tanking and seeing its value drop to half in a few days.

Sounds like we should ban options trading also.

>Sounds like we should ban options trading also.

Or oil and real estate.

They keep going up and down in a completely unpredictable manner !

Re: Dutch official calls for complete ban on Bitcoin

#50
post #25
post #10

This is the 'Centraal Plan Bureau'. If you open up the front door, you're met with a cloud of dust. The parkinglot is filled with oldtimers and the interior is very 'that 70's show'.

This description is too funny :) It does have a high amount of old man screaming at the cloud. You can have a lot of valid critical views of cryptocurrency (environmental impact / gambling aspect ), but this his view is very unhelpful Does CPB actually has anything to say here? I was expecting "De Nederlandse Bank" to be the organisation to set the rules here.

No, it's not a regulator and thus has no actual say over this matter. It supports policymakers by evaluating the economic effects of their plans.

https://www.cpb.nl/en/what-does-cpb-do

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