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Topic: Good news for bitcoin as G20 says no crackdown for cryptocurrencies - page 3. (Read 386 times)

hero member
Activity: 2702
Merit: 716
Nothing lasts forever
Sounds like a good news for the crypto community as there had been no good news from almost 3 lonths, this news could be the medium to trigger BTC price. We have already seen BTC recover around $1000 from yesterday as  BTC is now at $8.5k .
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.
Yeah , there is a difference. It means that there will not be any additional regulations on Crypto which is a good news since additional regulations might have caused more decline in BTC's price.
legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
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.
full member
Activity: 238
Merit: 100
for g20 summit, no news is good news
copper member
Activity: 2940
Merit: 4101
Top Crypto Casino
I haven't followed the news closely but from what I get, They didn't really say "no crackdown" but rather starting to figure out they can't really regulate the cryptocurrency industry. Christine Lagarde wants to use the blockchain technology with the hope to regulate.... something using blockchain, Do you see the irony?
full member
Activity: 322
Merit: 114
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.
full member
Activity: 560
Merit: 104
I hope after this good news crypto rates will be back normal again that I hope more than highest record.
because if crypto currency rates is good, so that make our financial will be better than about few days ago, when crypto price drop so far.
And I think many people loss their assets since cryptocurrency drop so far, and I hope they can get it again at this time.
All crypto user will get good effect after this, this seem like financial crisis which will be bring effect to all side, and maybe need more good news to make cryptocurrency increase. Hope all the best for cryptocurrency, because cryptocurrency is usefully fo our life to be better if we use it in good way and right way.
full member
Activity: 448
Merit: 100
I sincere want to hope that this is from a reliable source. At least, everybody can now settle down and do his business as the fear, uncertainty and doubt have been cast into the ocean. Let's us begin to see the remarkable impact of this news in the prices.
newbie
Activity: 86
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/
Thank you for the good news, today it really is the best!
newbie
Activity: 23
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/
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