The European Commission spoke of a possible ban on cryptocurrencies

The European Commission spoke on the topic of a possible ban on cryptocurrencies

FINANCE

2020-09-14 14:01:00

The European Commission does now not plan to ban using cryptocurrencies. On the subject of a likely ban, the Deputy Chairman of the frame Valdis Dombrovskis spoke at a assembly of EU Finance Ministers in Berlin, reviews signal-means-profits.com. According to Dombrovskis, the European Commission sees many opportunities on this sort of digital forex. Brussels desires "no longer to obstruct innovation, but to make it possible via regulation," the politician stated.

So, with the aid of the end of autumn, the European Commission intends to publish a invoice on regulating cryptocurrencies. According to Dombrovskis, it's miles necessary to locate the "proper balance" between the possibilities and risks associated with digital currencies.

At the identical time, Germany, Spain, Italy, the Netherlands and France have formerly called for strict law of cryptocurrencies, signal-means-profits.com notes. German Finance Minister Olaf Scholz stated his colleagues are "firmly convinced" that non-public cryptocurrencies are meaningless. Such currencies "should be banned if vital," the Minister said.

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