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Former Belgian Finance Minister calls for a crypto ban, thanks to SVB

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Overtveldt, a member of the European Parliament and former Belgian finance minister, has called for a cryptocurrency prohibition. Van Overtveldt made the statements as the European Parliament prepares to vote on the region’s landmark crypto licensing regulations. In response to the turbulence in the banking industry, Johan Van Overtveldt, a member of the European Parliament […]

Overtveldt, a member of the European Parliament and former Belgian finance minister, has called for a cryptocurrency prohibition.

In response to the turbulence in the banking industry, Johan Van Overtveldt, a member of the European Parliament and a former finance minister of Belgium, called for a ban on cryptocurrencies in a Friday tweet. In the Economic and Monetary Affairs Committee, Van Overtveldt represents the right-wing European Conservatives and Reformers, the fifth-largest political party in the Parliament.The Markets in Crypto Assets rule, which will create a regulatory framework for wallet providers and exchanges if they adhere to governance and consumer-protection norms, is scheduled for a vote by the Parliament’s 705 members as soon as next month.

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