Former Belgian Finance Minister and Member of the European Parliament (EP), Johan Van Overtveldt, has called for a ban on cryptocurrencies to ease the current banking crisis. In a tweet on his personal account, Van Overtveldt stated that the crypto asset industry “does not bring any economic or social value.” CoinDesk reported that his comments were made as the EP prepares to vote on regulations regarding crypto activities.


“Another lesson to be learned from the current banking commotion. Enforce a strict ban on cryptocurrencies. Speculative poison and no economic or social added value. If a government bans drugs, it should also ban cryptos,” wrote Van Overtveldt.

He believes that banks are in crisis due to the impact of cryptocurrencies. Furthermore, the EU parliamentarian assumes that all cryptocurrencies are pure speculative assets and have no economic or social value. Van Overtveldt even compared cryptocurrencies to drugs.

Read more: https://azcoinnews.com/eu-lawmaker-johan-van-overtveldt-compares-crypto-to-drugs-calls-for-ban.html