Topic: G20 (Read 288 times)
The issue in Argentina at the G20 conference is not necessarily bad news. You know, G20 these countries have most of the world's total economy, people put forward the supervision so that bitcoin has paid attention to, if you want to get in the open attitude of most countries, so regulation is inevitable, only moderate supervision can be more conducive to the development of the encryption community, can let more people and institutions to join in.
Strict Regulations is all what the government want from cryptocurrecy and other want definite ban but it seems there is a disappointment of plan from the G20
As long as they can't agree among themselves and they are split on the matter it will be in our favor. They can only drag down cryptos if they all simultaneously ban and outlaw the use of all of them. In fact this is nothing to do with bitcoin, it is all about the problem of ethereum and tokens. But bitcoin also rise or decrease according to such news. I think bitcoin is already winner of the market.
On the contrary, the proposal to regulate cryptocurrencies will primarily affect Bitcoin. Certain regulators are worried about whether funds raised through ICOs follow the existing guidelines. But this move primarily seems to be aimed against money laundering / use of cryptocurrencies in illegal transactions. Apart from Bitcoin, there are very few cryptocurrencies which are used in any transactions.
The G20 does not want to crack down on cryptocurrencies, they just want regulations to control exchanges and to stop money laundering. Controlling the exchanges means, they want informations from consumers in order to tax the transactions. Regulations would mean more investors, especially institutional investors, who will make the price of bitcoin rise.
Rules for the use of cryptocurrencies can provoke an increase in popularity only at the initial stage. But then I think that large investors can leave all cryptocurrencies. One of the fundamental principles of cryptocurrency is decentralization and deregulation. In the future, this may have the opposite effect. 
The G20 does not want to crack down on cryptocurrencies, they just want regulations to control exchanges and to stop money laundering. Controlling the exchanges means, they want informations from consumers in order to tax the transactions. Regulations would mean more investors, especially institutional investors, who will make the price of bitcoin rise.
What I have caught from the above statement is that governments following the G20 meeting do not want to make any regulation on bitcoin but all they need is data from users of bitcoin transactions. It is good news for the future of bitcoin because if bitcoin developers provide the data they want they will use rumors and bitcoin problems as a tool for money laundering and terrorist financing will end and there will be no more crimes that use bitcoin.
the most interesting news that was said on the summit, is that bitcoin and crypto world does not threaten the global economy! on this background a good growth has gone. they certainly do not suspect what will happen next ..... But the laws of regulation they came up with a lot!
Just to pinpoint the discussion, the financial watchdog has released a set of press releases with a very positive statement on cryptocurrency. Read the article below,
https://cryptoslate.com/cryptocurrency-market-bounces-back-positive-g20-watchdog-statements/
While the article summarises the statements, if you are willing to read the entire press release, just scroll down to the end of the article and you will find a link. This kind of positive vibe was badly needed for the market to cheer on something.
https://cryptoslate.com/cryptocurrency-market-bounces-back-positive-g20-watchdog-statements/
While the article summarises the statements, if you are willing to read the entire press release, just scroll down to the end of the article and you will find a link. This kind of positive vibe was badly needed for the market to cheer on something.
Bitcoin is getting bigger everyday. All people wants to jump in crypto currency. This July crypto inspection is actually a planned price manipulation. I am expecting crypto to go dump again.
The world's economic leaders have set a July deadline for the first step toward unified regulation of cryptocurrency.
Speaking Tuesday after the G20 meeting of finance ministers in Buenos Aires, Argentina Central Bank chair Frederico Sturzenegger said the member nations present agreed that cryptocurrencies needed to be examined, but that more information was needed before any regulations could be proposed.
However, during the press conference, he noted that the members had a firm deadline in July for recommendations, saying:
"In July we have to offer very concrete, very specific recommendations on, not 'what do we regulate?' but 'what is the data we need?'"
Not every nation is on board with this plan. On Monday, Brazil Central Bank president Ilan Goldfajn said cryptocurrencies will not be regulated in his country, according to news service El Cronista. The outlet further reported that Brazil would not necessarily be following the regulations outlined by the G20, on cryptocurrencies or other issues.
Speaking Tuesday after the G20 meeting of finance ministers in Buenos Aires, Argentina Central Bank chair Frederico Sturzenegger said the member nations present agreed that cryptocurrencies needed to be examined, but that more information was needed before any regulations could be proposed.
However, during the press conference, he noted that the members had a firm deadline in July for recommendations, saying:
"In July we have to offer very concrete, very specific recommendations on, not 'what do we regulate?' but 'what is the data we need?'"
Not every nation is on board with this plan. On Monday, Brazil Central Bank president Ilan Goldfajn said cryptocurrencies will not be regulated in his country, according to news service El Cronista. The outlet further reported that Brazil would not necessarily be following the regulations outlined by the G20, on cryptocurrencies or other issues.
You might be right.
I personally think that the news is good. Because many people had expected worse news. But many investors will wait until July. So this news will not cause the price to rise much and there is high possibility of more price decreae.
Bitcoin is getting bigger everyday. All people wants to jump in crypto currency. This July crypto inspection is actually a planned price manipulation. I am expecting crypto to go dump again.
The world's economic leaders have set a July deadline for the first step toward unified regulation of cryptocurrency.
Speaking Tuesday after the G20 meeting of finance ministers in Buenos Aires, Argentina Central Bank chair Frederico Sturzenegger said the member nations present agreed that cryptocurrencies needed to be examined, but that more information was needed before any regulations could be proposed.
However, during the press conference, he noted that the members had a firm deadline in July for recommendations, saying:
"In July we have to offer very concrete, very specific recommendations on, not 'what do we regulate?' but 'what is the data we need?'"
Not every nation is on board with this plan. On Monday, Brazil Central Bank president Ilan Goldfajn said cryptocurrencies will not be regulated in his country, according to news service El Cronista. The outlet further reported that Brazil would not necessarily be following the regulations outlined by the G20, on cryptocurrencies or other issues.
Speaking Tuesday after the G20 meeting of finance ministers in Buenos Aires, Argentina Central Bank chair Frederico Sturzenegger said the member nations present agreed that cryptocurrencies needed to be examined, but that more information was needed before any regulations could be proposed.
However, during the press conference, he noted that the members had a firm deadline in July for recommendations, saying:
"In July we have to offer very concrete, very specific recommendations on, not 'what do we regulate?' but 'what is the data we need?'"
Not every nation is on board with this plan. On Monday, Brazil Central Bank president Ilan Goldfajn said cryptocurrencies will not be regulated in his country, according to news service El Cronista. The outlet further reported that Brazil would not necessarily be following the regulations outlined by the G20, on cryptocurrencies or other issues.
Bitcoin rallies above $9,000 after positive G-20 cryptocurrency meeting, now up more than 20% from weekend lows
Bitcoin prices topped $9,000 after finance ministers took a more hands-off approach to cryptocurrencies at a G-20 meeting in Argentina Tuesday.
"The spirit of the discussion was very productive, and I agree that everybody left very pleased," says Federico Sturzenegger, governor of the Central Bank of Argentina.
The cryptocurrency is up more than 20 percent from this weekend's lows.
Just take a look with this article It create a big impact to bitcoin price after G20 meeting!!
https://www.cnbc.com/2018/03/20/bitcoin-bounces-back-above-8800-after-a-very-positive-g-20-cryptocurrency-meeting.html
Source: CoinDesk
Bitcoin prices topped $9,000 after finance ministers took a more hands-off approach to cryptocurrencies at a G-20 meeting in Argentina Tuesday.
"The spirit of the discussion was very productive, and I agree that everybody left very pleased," says Federico Sturzenegger, governor of the Central Bank of Argentina.
The cryptocurrency is up more than 20 percent from this weekend's lows.
Just take a look with this article It create a big impact to bitcoin price after G20 meeting!!
https://www.cnbc.com/2018/03/20/bitcoin-bounces-back-above-8800-after-a-very-positive-g-20-cryptocurrency-meeting.html
Source: CoinDesk
It reminds of cryptocurrencies discussions which was held by U.S. senate in February. G20 decision is now same as U.S. Senate. None of them banned cryptocurrencies and none of them called bitcoin a threat to governments or banks. Both of them made cryptocurrencies holders happy.
It is a very good news that they do not give negative explanations in this regard and i believe that it is the reason why the prices are green. I hope the meeting in the queue will support cryptos instead of silence and this may be a nice reason for increase for cryptos.
It's great. There were many people worry about outcome of this summit. There were some rumors about cryptocurrencies ban and I think this was one of the reasons of bitcoin price fall.
Seems that governments have accepted cryptocurrecies. They just want some regulations and it's not bad.
Seems that governments have accepted cryptocurrecies. They just want some regulations and it's not bad.
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