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Topic: Good news for bitcoin as G20 says no crackdown for cryptocurrencies - page 2. (Read 386 times)

newbie
Activity: 69
Merit: 0
According to me goverments decisions more important than online add provides ad restrictions. This thread awesome for crypto market.
legendary
Activity: 1792
Merit: 1283
Finally, it's about time that we saw another bit of good news instead of all the negativity.
Now I wouldn't be completely against regulation, as long as it's fair. I'd even say it could have a positive effect on Bitcoin, making it more legitimate.

Just look at how much Bitcoin is being used in Japan after they introduced new legislation for crypto.
full member
Activity: 149
Merit: 100
The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/
So one thing for sure is that the price will start recovering immediately after the bulletin. That is probably what we are most looking forward to. Reduced prices not only hurt the traders but also the ICO project owners
sr. member
Activity: 1092
Merit: 254
G20 may talk a lot, may make decisions of different kind, make various announcements, but very often it does not mean that it will be just like that what had been announced by them. It looks like the recommendation more. And very often the future decisions of the governments change in the process of realization. And this decision as for the future of Bitcoin's regulations that was accepted by G20 today, it may be changed by the other decision of the G20 tomorrow. Will it be really the very positive news for Bitcoin who knows. Will see.
full member
Activity: 448
Merit: 122
G20 has no legislative power, only the governments (Congress and the executive) of each individual control would be able to place regulation, legislation, and so on and so forth about bitcoin. So this isn't a victory, this is what should happen anyway.

G20 just offers recommendations,nothing of what they say is legally binding.
I quite agree with you on this but the G20 also has they own jurisdiction just like the international court of law which can make judgment and it will be binding in all member States like wise the G20 which law are binding on all member state in respective of the laws of their individual member States. I see this as a good new for the cryptocurrencies market because this will prompt new investors to have confidence in the market.
newbie
Activity: 112
Merit: 0
The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/

yes I have also read the news. with this I hope is bitcoin back to the moon. And then sideway for a long time, and take profit with my coin.   Wink
sr. member
Activity: 315
Merit: 250
I was looking forward to good news from the G20 summit, as I could no longer watch the market fall. After these news, bitcoin immediately went up by $ 1000 and the whole market in the green zone.
legendary
Activity: 3542
Merit: 1352
Cashback 15%
IMO, the word 'crackdown' is used erroneously especially if they're trying to relate it to crypto. What regulators and government mean by crackdown is that they would pursue wrong-doers and illicit activities which use cryptocurrencies as some sort of medium/vessel to accomplish their things. Needless to say, there aren't really talks for a complete ban on any cryptocurrency but rather just improve existing regulations in AML and KYC in order to prevent money laundering with cryptos. Also, with Japan and the US spearheading the said talks, there's a high possibility that the rulings will shift to cryptos favor.
legendary
Activity: 1876
Merit: 3132
I hope after this good news crypto rates will be back normal again that I hope more than highest record.

It is definitely some good news, but it won't be enough to make investors calm. However, it looks like thanks to the G20, Bitcoin price increased by around $1000 dollars. There is no point in Bitcoin reaching $20.000 again if we won't be prepared for that. I wouldn't like to pay $20 for a transaction, again. Give our community and the developers some time. Last months were very exciting, we have to cool down a bit.
newbie
Activity: 19
Merit: 0
Awesome thread! I was overwhelmed by the information exchanged from the replies. Very nice for newbies like me. Smiley
member
Activity: 238
Merit: 11
The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/

Good news! I noticed that today not only bitkoyn began to grow, but also ETH and altcoyins.
As we expected. We hope that there will be a lot of growth now.
newbie
Activity: 81
Merit: 0
The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/
Yes, that's good news for bitcoin. But I don't think the news has affected the price of bitcoin. The price of bitcoin has dropped so much that I can't understand the reason for the decline.
member
Activity: 532
Merit: 13
Well the crypto market turned green against the $ in most currencies today. Perhaps the recovery has started.
legendary
Activity: 2114
Merit: 1293
There is trouble abrewing
sounds like a good news and thanks to OP for sharing this here but i have to say unlike OP i do not think bitcoin "bulls" are responding to this news as big as OP is describing them to. price is still at the very beginning of $8k and it is not even over $9k yet which would be the sign of some bulls around.
legendary
Activity: 1596
Merit: 1034
So far the influence of this good news has already made bitcoin prices in various areas to be reforested and I am sure the increase will continue because of investors' hesitation over the outcome of the G20 meeting has been answered so that investors have started to enter the market to buy bitcoin. I've been waiting for this good news and I think everyone is happy with this news.
hero member
Activity: 2646
Merit: 686
The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/

There're two side to this story one we all should get happy and say there're no regulation but wait what about the existing one's. Secondly does G20 really have any sizeable say in the global economy, I don't think so. When was the last time you saw them do something and all nations adapt to it. We should take this news with a pinch of salt, as there's nothing great if one deeply analysis this. Well for the sake of Bitcoins I do hope no more regulation come up.
full member
Activity: 2548
Merit: 217
The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/


Hope price goes into better than before and i think this is the starting of bitcoin price increasing in the market place., but i didnt full of trust and confident for the price increase of bitcoin as of now because high expectations are very hurt failure, but i still believe in bitcoin as strong cryptocurrency.
member
Activity: 1302
Merit: 25
The news will be good. It helped the market to recover just immediately. G20 outcomes are always instrumental to the world's economy. If no crack down, it is then a good news.
full member
Activity: 1442
Merit: 108
The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/

Nice to hear a  good news related to bitcoins after so much time. It is definitely pushing the prices and I can see price increasing by about 5% today. All other alt coins are also going strong and ripple has grown more than 20% today. I was reading threads here related to crpto here and found a post by a member who suggested Ripple as good invested. I added some Ripple yesterday and now the value is 20% up in single day. Hope this continues.
sr. member
Activity: 434
Merit: 255
Live cams shows pimped with cryptocurrency
One thing people have missed from this recommendation is that it is not a recommendation of no regulation. It just does not recommend creating new regulation specifically for cryptocurrency. There is a difference and a significant one. It just means traditional regulation will be used for cryptocurrency.
Traditional methods of regulation are not suitable for cryptocurrencies. The Bank always keeps track of currency movements. Cryptocurrencies do not use the banking system for moving and do not adhere to the generally accepted rules for banks. If you are making a payment from a Bank account, you must indicate the purpose of the payment. In crypto it is not. And the amount of moved capital is not limited. Countries that are under sanctions also can not be limited in the movement of cryptocurrencies.
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