Topic: G20 financial heads to urge crypto-asset monitoring to safeguard financial stabi (Read 115 times)
March 27, 2018, 03:42:59 PM
The fact that they made the right decision,there is no doubt about the attitude to cryptocurrency,but such strong news can not even stabilize the market,BTC went up a little,and then back to the bottom.
March 27, 2018, 03:14:01 PM
I read that G20 has concluded that it does not yet see threats in the crypto currency. I hope that government agencies will not going to prohibit crypto. To be honest they are smart enough to try to do that IMHO.
March 27, 2018, 02:45:04 AM
hold money and wait
March 27, 2018, 02:22:17 AM
Now that crypto is gaining more and more ground, governments cannot sit back and watch any longer. The question is, do they want to regulate it so that they can be a part of the new digital change, or are they trying to destroy it by eliminating everything that attracted people in crypto on the first place?
Next time, there will be official decisions
March 26, 2018, 06:47:39 AM
Now that crypto is gaining more and more ground, governments cannot sit back and watch any longer. The question is, do they want to regulate it so that they can be a part of the new digital change, or are they trying to destroy it by eliminating everything that attracted people in crypto on the first place?
March 26, 2018, 02:08:07 AM
I just hope they get the things/ rules settled so we can move on, the market is really bad with so many uncertainty now... hate to see this
March 26, 2018, 01:59:31 AM
Another bar talk/chat..
They are meeting with each other, discussing shitty ideas but still have no precise idea what and how to regulate..
I have an impression that they even don`t know what they want..
Dirty bureaucrats..
They are meeting with each other, discussing shitty ideas but still have no precise idea what and how to regulate..
I have an impression that they even don`t know what they want..
Dirty bureaucrats..
March 26, 2018, 01:48:07 AM
For every country in the world the arrival of bitcoin which today as one of the valuable assets for its people has advantages and disadvantages for the country. The advantage is that they can monitor and obtain digital money transaction data. Data can also be used to anticipate money laundering or other criminal acts related to finances and deficiencies: The virtual risk is the payment system, and the stability of the financial system. Therefore, I think the G20 plan can not be realized
However, there are many Scam projects, so they came up with the rules
March 26, 2018, 12:04:31 AM
For every country in the world the arrival of bitcoin which today as one of the valuable assets for its people has advantages and disadvantages for the country. The advantage is that they can monitor and obtain digital money transaction data. Data can also be used to anticipate money laundering or other criminal acts related to finances and deficiencies: The virtual risk is the payment system, and the stability of the financial system. Therefore, I think the G20 plan can not be realized
March 23, 2018, 11:52:26 PM
to be honest I was tired of discussing news like this, but whatever it is if they want the best thing for crypto I will always support it. we all really hope that in July G20 will produce a change for crypto in the better direction.
March 23, 2018, 11:36:20 PM
The world's financial leaders will call on international standard-setting bodies on March 20 for stronger monitoring of crypto-assets and to assess the need for a multilateral response as such assets could at some point threaten financial stability. 
March 23, 2018, 11:34:08 PM
[BRUSSELS] The world's financial leaders will call on international standard-setting bodies on March 20 for stronger monitoring of crypto-assets and to assess the need for a multilateral response as such assets could at some point threaten financial stability.
See more: https://www.businesstimes.com.sg/banking-finance/g20-financial-heads-to-urge-crypto-asset-monitoring-to-safeguard-financial-stability
See more: https://www.businesstimes.com.sg/banking-finance/g20-financial-heads-to-urge-crypto-asset-monitoring-to-safeguard-financial-stability
Everything should be more cautious
March 23, 2018, 09:03:17 AM
The whole point behind cryptocurrencies was to make them trustless.
"The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with hardly a fraction in reserve."
- Satoshi Nakamoto
G20 financial heads are now trying to put the cat back in the bag by forcing cryptocurrencies to become trust-based.
If those G20 financial heads really cared about consumers, why are they forcing those consumers to send their identification documents to untrusted parties while at the same time warning they are likely to be cyber criminals?
"The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with hardly a fraction in reserve."
- Satoshi Nakamoto
G20 financial heads are now trying to put the cat back in the bag by forcing cryptocurrencies to become trust-based.
If those G20 financial heads really cared about consumers, why are they forcing those consumers to send their identification documents to untrusted parties while at the same time warning they are likely to be cyber criminals?
March 23, 2018, 08:48:47 AM
If G20 implement all these strict regulations on Cryptocurrency it means that Cryptocurrency it is on longer a decentralized platform, this will be difficult but until July when the last ruling will take place.
March 23, 2018, 08:29:19 AM
G-20 financial seems a little heads up for us since looks like this one could bring some good chances for the crypto holders to bounce back for this dump happen. and might this event could hype the coin on certain levels so let's try to wait and maybe not sell our coins for this days since maybe that event could bring crypto at its greenest days again.
March 23, 2018, 08:22:04 AM
Interesting to see the results that will come out of it, I believe the last event caused some bull trends but the future is uncertain for now.
March 23, 2018, 08:18:58 AM
G20 will be determined with the regulation of the Crypto-Currency until July.
G20 meeting on Tuesday ended with the deadline setting for the discussion of the regulation of the Crypto-currency for July, as the participating countries came to the conclusion that at the moment there is not enough information to make decisions.
G20 meeting on Tuesday ended with the deadline setting for the discussion of the regulation of the Crypto-currency for July, as the participating countries came to the conclusion that at the moment there is not enough information to make decisions.
March 23, 2018, 05:48:20 AM
They are really going to make that money laundering thing as the reason above all even if the means for it are really different.
It is to monitor us, everyone who are crypto related. They are just using that reason. It is obvious.
This could be the end of being decentralized. Once money is related they dont want anyone getting hands on it.
The balance will be doomed. Imagine having a lot of rich people afterwards. Then those who are in control of the money will be having a lot of problems.
It is an unfair world, better live with that until you die. Swallow it earlier and you will get used to it.
They want the poor to stay poor and the fools to stay stupid.
It is to monitor us, everyone who are crypto related. They are just using that reason. It is obvious.
This could be the end of being decentralized. Once money is related they dont want anyone getting hands on it.
The balance will be doomed. Imagine having a lot of rich people afterwards. Then those who are in control of the money will be having a lot of problems.
It is an unfair world, better live with that until you die. Swallow it earlier and you will get used to it.
They want the poor to stay poor and the fools to stay stupid.
March 23, 2018, 05:42:35 AM
This could further spell doom for the cryptocurrency. If G20 want to monitor cryptocurrency for money laundry and funding of terror then there will be problem because of the decentralized nature of blockchain which normally makes it impossible for such identification of who sent what and who received what was sent. Unless blockchain developers will update the system to include KYC and identify blocks.
March 23, 2018, 05:32:17 AM
So is this supposed to be new FUD? They're starting to monitor how much crypto people have... is that why KYC is happening on exchanges now?
Jump to: