[Good news] U.S. central bank isn’t going to regulate Bitcoin & other crypto. - page 2.

HabBear

hero member

Activity: 1106

Merit: 638

Quote from: sunsilk on July 18, 2018, 11:41:34 PM

Quote from: feelingfroggy on July 18, 2018, 11:25:28 PM

More proof the government is behind the crypto world.

Interesting, they are centralized and created a decentralized market?

No. How are you drawing that conclusion?

feelingfroggy doesn't say anything about a government creating any crypto market. We're talking about the US Federal Reserve, they didn't even say they were "behind" the crypto world, let alone that they created any crypto market.

Quote from: senin on July 18, 2018, 11:49:32 PM

Each state has its own management system. If the US Central Bank states that it will not regulate crypto currency, it does not mean that the US crypto currency will not be regulated. In this state there are a lot of other regulatory bodies such as the SEC and therefore there will be no crypto currency without regulation in this state.

This is a great point and a reminder for us to not get too excited about any of this news!

senin

full member

Activity: 938

Merit: 137

Each state has its own management system. If the US Central Bank states that it will not regulate crypto currency, it does not mean that the US crypto currency will not be regulated. In this state there are a lot of other regulatory bodies such as the SEC and therefore there will be no crypto currency without regulation in this state.

sunsilk

hero member

Activity: 3038

Merit: 634

Great news coming from one of the biggest and most influential bank in the world.

Quote from: HabBear on July 18, 2018, 11:19:18 PM

Quote from: charlotte04 on July 18, 2018, 11:09:30 PM

But I hope the government will not take back for what it said and hoping that this is not just to make the price of Bitcoin go up temporarily.

Governments always reserve the right to take back what was originally said...that's why governments are good, laws or decisions can change when they are no longer in the interest of the public.

I hope that they won't take their words back when the market capitalization will skyrocket to an unexpected growth that they never see it coming.

Quote from: feelingfroggy on July 18, 2018, 11:25:28 PM

More proof the government is behind the crypto world.

Interesting, they are centralized and created a decentralized market?

HabBear

hero member

Activity: 1106

Merit: 638

Quote from: feelingfroggy on July 18, 2018, 11:25:28 PM

More proof the government is behind the crypto world.

This statement is probably a bit naive. Their announcement that it's "too small to be a priority" and their "support" are two very different things, although it's possible that they're involved, holders, to benefit from any possible growth. National banks just like Wall Street like to place bets!

kanayaTabitha

sr. member

Activity: 980

Merit: 252

I hope there's more news like this to help break the market. it's time to go on the moon .. but the volume will stay that way if the investors or traders still do not increase in number .. it means this is the second difficulty for cryptocurrency, I think everyone would approach and introduction to introduce bitcoin and invest in it

feelingfroggy

jr. member

Activity: 220

Merit: 2

More proof the government is behind the crypto world. I think we will see huge things moving forward. The next bubble getting blown. Get in now and load up and wait to get paid!!! We may be early (way early)

HabBear

hero member

Activity: 1106

Merit: 638

Quote from: charlotte04 on July 18, 2018, 11:09:30 PM

But I hope the government will not take back for what it said and hoping that this is not just to make the price of Bitcoin go up temporarily.

Governments always reserve the right to take back what was originally said...that's why governments are good, laws or decisions can change when they are no longer in the interest of the public.

And if Bitcoin or other cryptocurrencies begin to take off like they did at the end of 2017, surpassing the $20,000 you can be certain that every government will give it another look. But part of their assessment is not the price per coin but how much activity or turnover is happening. If they see more transaction action within cryptocurrencies rather than domestic currency they'll want a piece of the action, which means taxes.

charlotte04

full member

Activity: 504

Merit: 102

Quote from: The Cryptovator on July 18, 2018, 10:30:24 PM

During long time we have seen a rumor that Bitcoin will be regulated by U.S central bank. But it's long time has gone. And Bitcoin was also stay long time on bearish. Finally Federal Reserve Chairman Jerome Powell made it clear that, they aren't looking for regulate cryptocurrency. I believe this is the one of great point for become bulls on crypto market. So almost we can expect that very soon we can see bulls run. On the other hand may we will see some more possitive news about Bitcoin.

News source : https://www.bloomberg.com/news/articles/2018-07-18/powell-says-cryptocurrencies-aren-t-big-enough-to-pose-a-threat

This news is quiet awesome. But I hope the government will not take back for what it said and hoping that this is not just to make the price of Bitcoin go up temporarily.

HabBear

hero member

Activity: 1106

Merit: 638

I love this news!

"Cryptocurrencies aren't big enough to pose a threat" is exactly the conclusion we want to hear from the World's largest regulatory agencies. In fact, the silver lining from the slump we've been enduring all year may be the perception that cryptocurrencies aren't a threat to any existing monetary system.

A complimentary commentary from the Fed is this article that states the Fed welcomes "anonymous cryptocurrencies" and in a framework they place Bitcoin at the same level as "money", commodities, and other core elements of the monetary system. https://www.ccn.com/us-federal-reserve-bitcoin-study/

The Cryptovator

legendary

Activity: 2436

Merit: 2228

Signature space for rent

During long time we have seen a rumor that Bitcoin will be regulated by U.S central bank. But it's long time has gone. And Bitcoin was also stay long time on bearish. Finally Federal Reserve Chairman Jerome Powell made it clear that, they aren't looking for regulate cryptocurrency. I believe this is the one of great point for become bulls on crypto market. So almost we can expect that very soon we can see bulls run. On the other hand may we will see some more possitive news about Bitcoin.

News source : https://www.bloomberg.com/news/articles/2018-07-18/powell-says-cryptocurrencies-aren-t-big-enough-to-pose-a-threat

Topic: [Good news] U.S. central bank isn’t going to regulate Bitcoin & other crypto. - page 2. (Read 257 times)