• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, June 25, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

Bitcoin Threatens Euro In Netherlands, Says CPB Chief

by Rupali Soni
June 12, 2021
in Bitcoin, Crypto
Reading Time: 2 mins read
0
Image Credits: Getty Images
TwitterWhatsappLinkedin

Image Credits: Getty Images

You might also like

Japan is Reimagining It’s Crypto Landscape : Gateway for Bitcoin ETFs and Tax Relief

Bitcoin Power Play by Metaplanet: Closing the Gap with Tesla

Crypto at Card Swipe: Chainlink & Mastercard Open On Chain Door for 3 Billion Users

Bitcoin is embraced by many countries across the world, especially after the historical announcement by El Salvador to adopt bitcoin as legal tender. Many experts have been debating around the future of crypto in different countries, and amid all these glad tidings, Netherland is on the verge of banning the currency in the country.

The Chief of the Economic Policy Analysis Bureau of Netherlands published his comments against the currency on Saturday. Pieter Hasekamp, Head of CPB in the Netherlands, believes that bitcoin is negatively impacting the current currency Euro in the country. The sudden plunge in the currency on the weekend troubled Hasekamp and he announced that it is high time that the country should ban the currency to avoid any further damage to the economy.

“For investors and the governments alike, the last person to act is the loser,” Hasekamp said. “The Netherlands must now ban bitcoin (BTC).”

Where many countries like El Salvador are embracing the cryptocurrency with all their hearts, and the countries like India who have had a change of heart towards the currency recently, and planning to adopt the cryptocurrency as an asset class, At the same time other countries in Europe are stepping ahead to ban the currency due to its Disadvantages. Countries like Turkey and China are the latest examples that banned cryptocurrency due to the issues like the volatile nature of the currency and also the criminal use and fraud involved.

The CPB chief advised the Dutch Government to ban Bitcoin in his essay. Hasekamp believes that Bitcoin is bad money that can drive the Euro out of circulation and this is an alarming situation for the country’s government. The Essay published by Hasekamp was titled “ The Netherlands must ban bitcoin” and he mentioned all the logic behind his negative statement towards the currency in detail.

According to Hasekamp, who is an expert at the economic analysis and forecasts and is officially hired by the Ministry of Economic Affairs in the Netherlands, There are three roles of money, Means of Payment, Unit of Account, and the store of value, and bitcoin failed on these three standards terribly. Hasekamp was never in favor of crypto, and he again wrote his old statement in his essay, “Bitcoin is only good for criminals”.

The Economist added that Cryptocurrency is just a bubble and it is going to collapse ultimately. This was a strong statement coming for bitcoin from an expert.

Tags: bitcoincryptocurrencyNetherlands
Tweet54SendShare15
Previous Post

Samsung’s Galaxy Z Fold 3, Z Flip 3, Watch 4 & Watch Active 4 Launch & Shipping Dates Gets Revealed

Next Post

New Leaks For Next Year’s Samsung Galaxy S22 Series Reveals The New Display Sizes Of The Phone

Rupali Soni

Recommended For You

Japan is Reimagining It’s Crypto Landscape : Gateway for Bitcoin ETFs and Tax Relief

by Anindya Paul
June 25, 2025
0
Japan

Japan is on the way to determining regulatory clarity. After a hiatus, on June 24, 2025, Japan's Financial Services Agency (FSA) released an important proposal that would overhaul...

Read more

Bitcoin Power Play by Metaplanet: Closing the Gap with Tesla

by Anindya Paul
June 25, 2025
0
Metaplanet

Metaplanet, the Tokyo-listed company that went from hotel operator to Bitcoin treasury power-player in 2024, is back in the news. On June 23, 2025, Metaplanet announced in an...

Read more

Crypto at Card Swipe: Chainlink & Mastercard Open On Chain Door for 3 Billion Users

by Anindya Paul
June 24, 2025
0
Chainlink

Notably, Chainlink has partnered with Mastercard to enable over 3 billion cardholders to purchase cryptocurrencies on chain. Additional support from zerohash, Swapper Finance, Shift4 Payments and XSwap ‒ powered...

Read more
Next Post
New Leaks For Next Year’s Samsung Galaxy S22 Series Reveals The New Display Sizes Of The Phone

New Leaks For Next Year’s Samsung Galaxy S22 Series Reveals The New Display Sizes Of The Phone

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?