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Topic: G20 to propose worldwide crypto rules in October - page 2. (Read 261 times)

legendary
Activity: 2128
Merit: 1884
Verified Bitcoin Hodler
Plenty of 'experts' are saying that the crypto industry should welcome the regulation with open arms, as centralization would, apparently, further stabilize the market and protect the investors' funds
If G20 want to make a proposal, they should compose their write-up and send it to: [email protected]. Bitcoin proposals are community driven. If a majority disapproves of them or if consensus is just not found, they are rejected.

If they still want to move on with their change, they can fork themselves off the network, but 'til there. Authorities hold no more power in this place. What "should" or "should not" happen is down to users to decide.


Its just more scaremongering. They have been trying to scare the people to do with their Bitcoin as the regulators wish ever since Bitcoin was invented. They have never succeeded and never will. But they continue, trying as hard as they can to disrupt Bitcoin is some way. Their scaremongering methods are becoming more and more grand, now even going as far as involving the G20. However the scaremongering remains inefficient.

They will never succeed. They will fail, their banker criminal friends will fail and Bitcoin will stand.
legendary
Activity: 1512
Merit: 7340
Farewell, Leo
Plenty of 'experts' are saying that the crypto industry should welcome the regulation with open arms, as centralization would, apparently, further stabilize the market and protect the investors' funds
If G20 want to make a proposal, they should compose their write-up and send it to: [email protected]. Bitcoin proposals are community driven. If a majority disapproves of them or if consensus is just not found, they are rejected.

If they still want to move on with their change, they can fork themselves off the network, but 'til there. Authorities hold no more power in this place. What "should" or "should not" happen is down to users to decide.
legendary
Activity: 2114
Merit: 2248
Playgram - The Telegram Casino
FSB says that the recent downfall of the crypto market showcased crypto's volatility and links to the wider financial system. The FSB has no power to impose any new laws, however, but its members could apply the regulations in their own jurisdictions.
Here's a link to the release for anyone interested in checking it out.
The recent turmoil referred to in the article is the current bear market, which is present in every speculative market, even stocks.
The idea that regulation benefits the public and prevents such situations is false.
We've had real estate crashes, stock crashes etc; while they are regulated.

Plenty of 'experts' are saying that the crypto industry should welcome the regulation with open arms, as centralization would, apparently, further stabilize the market and protect the investors' funds,
The term 'experts' get thrown around a lot, and doesn't have much meaning in present day reporting.
Centralization of a decentralized market does not make it better, it just makes it easier to control, which is the major aim of the report.
newbie
Activity: 4
Merit: 0
The FSB (Financial Stability Board, a body of regulators from the Group of 20 economies - G20) said on Monday that it would propose global rules for cryptocurrencies somewhere near October.FSB says that the recent downfall of the crypto market showcased crypto's volatility and links to the wider financial system. The FSB has no power to impose any new laws, however, but its members could apply the regulations in their own jurisdictions.

Plenty of 'experts' are saying that the crypto industry should welcome the regulation with open arms, as centralization would, apparently, further stabilize the market and protect the investors' funds, but can it actually aid the market, or will it further hamper the adoption of crypto across the world - we're soon to find out.
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