🇭🇺 Hungary’s Central Bank head calls on EU to ban Crypto Mining and Trading The chief of Hungary’s national bank said he supports banning crypto trading and mining in the European Union (EU) because it could service illegal activities and tend to build up financial pyramids. Bank's governor György Matolcsy also said he backs the senior EU financial regulator's point that the EU should ban the mining method used to produce most new bitcoin. Matolcsy proposed instead that EU citizens and companies would be allowed to own cryptocurrencies outside the EU and regulators would track their holdings.