Hungarian Central Bank Governor Calls for Country, EU to Ban Crypto

Hungarian Central Bank Governor György Matolcsy has called on the country and the European Union (EU) to ban cryptocurrency mining and trading.

Minister Gyorgy Matolcsy, February 11 at the press conference held on imposing a blatant ban on cryptocurrencies invited. Also at the meeting European UnionCalling neither, Matolcsy on this matter must act together stressed.

Chinesepast of September per month declaring all cryptocurrency activities illegal and last month Central Bank of Russiaof cryptocurrency trading and mining referring to proposing to ban matolcsy, Russia fully agrees with this offer. told.

He also stated that he agreed with the senior EU regulator that the mining method used to produce bitcoin should be banned by the EU. matolcsy;

It is clear that cryptocurrencies can serve illegal activities and tend to form financial pyramids. The Central Bank of Russia is right that the growth of cryptocurrencies and their market value are based on speculative demand that they will rise in the future, which creates a bubble effect.

said.

new financial pyramids and of balloons to prevent the occurrence of EU’Matolcsy, who stated that Turkey should act together, EU citizens and of companies followed by regulators abroad He said he could be allowed to own cryptocurrencies.

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