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Hungary’s Central Bank Head Calls on EU to Ban Crypto Mining and Trading

The governor of the Hungarian National Bank said he agreed with the Russian central bank’s earlier proposal to ban crypto activities.

Gyorgy Matolcsy, governor of Hungary's central bank, center, gestures as he speaks alongside Marton Nagy, deputy governor of Hungary's central bank, left, and Laszlo Windisch, deputy governor of Hungary's central bank, right, during an interest rates decision briefing at the Magyar Nemzeti Bank in Budapest, Hungary, on Tuesday, March 26, 2019. Hungary's central bank took its first step to unwind monetary stimulus since 2011, the start of tightening by one of Europe's most enduring proponents of loose policy. Photographer: Akos Stiller/Bloomberg via Getty Images
Gyorgy Matolcsy, governor of Hungary's central bank, center, gestures as he speaks alongside Marton Nagy, deputy governor of Hungary's central bank, left, and Laszlo Windisch, deputy governor of Hungary's central bank, right, during an interest rates decision briefing at the Magyar Nemzeti Bank in Budapest, Hungary, on Tuesday, March 26, 2019. Hungary's central bank took its first step to unwind monetary stimulus since 2011, the start of tightening by one of Europe's most enduring proponents of loose policy. Photographer: Akos Stiller/Bloomberg via Getty Images