Pieter Hasekamp, director of the Central Planning Bureau (CPB) of the Netherlands believes that the crash of cryptocurrencies is unavoidable in the future.
He urges that the Dutch government impose a ban on Bitcoin and other digital currencies immediately.
“Trading, mining and possession of Bitcoin must be totally banned”
Pieter Hasekamp’s discussion on this topic was published in the Het Financieele Dagblad. He wrote that when it comes to investors and governments, the last person to move is the loser. So to protect investors, the Netherlands government must put an end to trading, producing and even possessing crypto, according to him.
Hasekamp reckons that a ban on crypto would definitely lead to a drop in the value of Bitcoin along with other cryptocurrencies and could “herald the end of crypto”.
He has slammed cryptocurrencies because of not being emitted by official financial institutions and because governments and financial authorities around the world have little to no control over them.
Hasekamp added: