Current Crypto News : Hungarian Central Bank Wants to Ban Cryptocurrency Trading and Mining ⛔️🇭🇺₿ #club100
Today, I will give you detailed information about the statements made by the Governor of the Hungarian Central Bank, György Matolcsy, about the trading and mining of cryptocurrencies.
In my personal account, I try to share the news about TRX and the decisions made by countries regarding cryptocurrencies, I hope these news are useful and informative for you.
Hungarian Central President György Matolcsy advocated banning the trading and mining of cryptocurrencies. György Matolcsy said in his statement that he found it right that China banned the trading and mining of cryptocurrencies in the past months. As an extra, György Matolcsy argued that the proposal that the Central Bank of Russia should ban the trading and mining of cryptocurrencies in the report shared on January 22, 2022 is correct.
On January 22, 2022, I shared with you in detail the news that the Central Bank of Russia wants to ban cryptocurrencies. You can view the news in detail by clicking the link below.
Although countries try to develop the decision to ban and regulate cryptocurrencies within their own internal policies, György Matolcsy thinks that the European Union should also ban the mining production to produce bitcoins.
You can easily see the tweet shared by György Matolcsy on his twitter account and the statement shared on the official website of the Hungarian Central Bank by clicking the links below. This will help you see that the news I shared is true.
The main reason why György Matolcsy has this idea is that cryptocurrencies are used in illegal financial transactions and he thinks that the use of illegal financial transactions will increase.
My Personal Comment:
I do not agree with this opinion, all transactions in bitcoin are open and visible. Were there illegal financial transactions before 2008? I am on the side of countries to regulate, not ban cryptocurrencies. I expect that a decentralized system cannot be destroyed and cryptocurrencies will be one of the most used methods of transfers in the coming years.
As an extra, there is a statue of Satoshi, the founder of bitcoin, in Budapest, Hungary. There is not the slightest intimacy between the presence of a statue in one of the most visible places in the city, which is so connected with Bitcoin, and the demand for a ban. Unfortunately it's sad... 😔
Want me to share more cryptocurrency news? I would appreciate if you share your thoughts in the comment section if it is useful.
- Which country do you think will be the next to propose to ban cryptocurrencies?
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Big banks, such as HSBC, were caught working with banned individuals and organizations (terrorists, cartels, tyrannical governments, etc.), only getting a slap on the wrist. It's not about illegal activities as much as it's about "more power to the governments, and less power and privacy to the individuals."
it's not normal for it to happen like that the current market is so much improved because of the current progress on this amazing technology and i don't agree with the ban and i agree with the post because the government needs a lot of it consumers can continue to do good thinking for the future digital world.