Dutch finance minister: “The Netherlands should regulate crypto instead of banning it”

A cryptocurrency ban is not the right solution for the Netherlands, the country’s finance minister reportedly said after a local official called for a total ban on crypto.

The Netherlands should regulate the cryptocurrency market instead of prohibiting its citizens from using crypto entirely, Dutch minister of finance Wopke Hoekstra stated, according to a Friday report by local news agency NU.nl.

The official still admitted to certain risks associated with the crypto market, reportedly saying that he understood the concerns raised by the director of the Dutch Bureau for Economic Analysis, Pieter Hasekamp. The minister stressed that it’s crucial to ensure proper rules for digital asset service providers in order to mitigate the risks around issues such as money laundering.

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