<br><div><div><p>Johan Van Overtveldt, a member of the European Parliament and former Belgian finance minister, referred to as for a ban on crypto within the wake of banking sector turmoil in a Friday tweet.</p></div></div><div><div><p>Van Overtveldt, the financial spokesman for a grouping of 64 European Union lawmakers, made the feedback because the European Parliament prepares to vote on landmark crypto licensing guidelines for the bloc.</p></div></div><div><div><p>“One other lesson to be realized from the present banking commotion. Implement a strict ban on cryptocurrencies,” Van Overtveldt <a target="_blank" href="https://twitter.com/jvanovertveldt/status/1636644994772598785" rel="noopener">tweeted</a>, saying that the belongings had been mere hypothesis with “no financial or social worth.”</p></div></div><div><div><p>Van Overtveldt represents the right-wing European Conservatives and Reformers, the fifth-largest political grouping within the Parliament, within the Financial and Financial Affairs Committee. He was Belgium's finance minister from 2014 to 2018. The ECR says it is devoted to particular person liberty, non-public property and restricted authorities.</p></div></div><div><div><p>The Parliament’s 705 lawmakers are attributable to vote as quickly as subsequent month on the Markets in Crypto Belongings regulation, which can supply a regulatory framework for digital-wallet suppliers and exchanges.</p></div></div><div><div><p>Van Overtveldt led the Parliament’s work on a brand new legislation to permit buying and selling of securities primarily based on distributed ledger expertise, and has mentioned that the expertise underpinning crypto has “nice potential” to <a target="_blank" href="https://www.europarl.europa.eu/doceo/document/CRE-9-2022-03-23-INT-1-211-0000_EN.html" rel="noopener">improve productivity</a>.</p></div></div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>