Unaffiliated MEP Luis-Vicențiu Lazarus made a speech during the debates on: Cryptocurrencies – the need for global standards, on Thursday, January 23 – at the European Parliament’s plenary session in Strasbourg, asking that perhaps this push by states against the citizen to block the holding of cash has favored this boom of cryptocurrencies.

Here is the full speech from the plenary of the European Parliament:

Luis-Vicențiu Lazarus (NI) – Madam President, ladies and gentlemen, Romania was the scene of absolutely tragic financial operations for the Romanian people in the 90s. Ponzi schemes implemented by guys who were manipulated by secret services and politicians succeeded in embezzling the pockets of the Romanian people.

Then, of course, society evolved. In 2001, the airplanes that brought down the Twin Blocks and, of course, the war on terrorism started. In 2008, Bitcoin appeared in the wake of the crisis in America, a crisis that spilled over to Europe, of course, and then cryptocurrencies took off.

Have you thought, perhaps, that this push by the states against the citizen to block the holding of cash has favored this boom in cryptocurrencies? And now we want to regulate. There is this MiCA regulation which regulates certain things, but it fails to differentiate between people who have ill will from the start and people who really want to do serious projects in cryptocurrencies.

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