Bans

Johan Van Overtveldt, a member of the European Parliament and former Belgian finance minister, reportedly called for a ban on cryptocurrencies in the wake of banking turmoil in a tweet on Friday. Overveldt says there is another lesson to be learned from the current banking turmoil. A strict ban on cryptocurrencies is imposed, and these assets are merely speculative and have no economic or social value. If the government bans drugs, it should also ban cryptocurrencies, as the impact of the failure of the cryptocurrency friendly Silvergate and Silicon Valley banks has spread to the European market, including pushing the stock price of Credit Suisse to historical lows and forcing it to borrow $53 billion from the Swiss National Bank. Former Belgian Finance Minister: Cryptocurrency should be banned Analysis based on this information:Johan Van Overtveldt, a member of the European Parliament and former Belgian finance minister, has reportedly called for a ban on cryptocurrencies following the recent banking turmoil. According…