China is doing a massive fake-out when it comes to crypto-assets. Within the next couple years, they might be the biggest player in the world.
I just posted this to Medium a few hours ago: https://medium.com/@WilliamFreedman/one-block-one-road-94127154e129
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Most of them legalize bitcoin, it is a good thing. I am sure when those countries understand about the benefits of using bitcoin then thise countries will legalize bitcoin, bitcoin can be very transparent which is usefull to control funds. If we more concern in positive side of bitcoin then we can get benefits from it like all people here that helped by bitcoin. Government should find good regulations about bitcoin, not to ban bitcoin but to prevent negative impact and allow positive impact.
This is a very big impact to the digital economic where the result of G20 meeting proves how really popular is cryptocurrency. Becoming legality only china and south korea temporarily banned crypto exchange but this will returns to digital market if some countries who are not present on G20 gives there full support consisting witj the government approval for bitcoin currency to accept in world market.
This list simply means that our world is so poor in terms of accepting the futuristic thing like blockchain. I mean why would they not consider something which is far away from the current development aspect but still is available to use just because of efforts of some smartest guys on the earth.
You know what, after 9 years of the development of blockchain it should have been already recognised by the government of different countries and they should have been on the same page of accepting it together. The block chain is having such great potential that it can be used in mobile application to the space exploration mechanism and much more.
I mean look at your list, why the heck those countries are neutral anyway.
You know what, after 9 years of the development of blockchain it should have been already recognised by the government of different countries and they should have been on the same page of accepting it together. The block chain is having such great potential that it can be used in mobile application to the space exploration mechanism and much more.
I mean look at your list, why the heck those countries are neutral anyway.
I just noticed that the banning of cryptocurrency is mostly happened in Asia specially, China and SoKor. And European countries proclaimed that bitcoin is legal as well as USA and other countries in America. Crypto enthusiasts affect much by the g20 summit and I think whatever result will happens, there is always a positive in crypto.
This has to do with the politicians here not being much aware of technological fields. If they just show more interest, their opinion might change.
I think it's too early to draw conclusions about the G20 summit, since they postponed the results for July. We can expect a few more such postponement of terms, and a few surprises that will affect the price of bitcoin.
The FSB has clearly stated that right now cryptocurrencies aren't that big enough that it need to be regulated. Thus, the postponing of the verdict was inevitable. Acording to FSB, the crypto-assets do not pose a risk to global financial stability and asked countries to actively support it. I believe cryptocurrencies with a mcap of approx $300 Billion, isn't big enough to be of major concern at economic scale. Thus, a neutral verdict from G20 summit as came was expected. After that it is on discrete of countries to formulate any law for cryptocurrencies which they think will be apt for their financial landscape.Cryptocurrencies won't be a matter of concern at global level such as G20 until the market capitalization is under trillion dollars. We are only gonna get neutral verdicts.
I think it's too early to draw conclusions about the G20 summit, since they postponed the results for July. We can expect a few more such postponement of terms, and a few surprises that will affect the price of bitcoin.
It seems that most capitalist countries support digital cryptographic currencies!
People in liberal democracies are more willing to accept this free digital cryptocurrency!
As time goes on, digital cryptographic currency will be accepted by more countries in the world!
People in liberal democracies are more willing to accept this free digital cryptocurrency!
As time goes on, digital cryptographic currency will be accepted by more countries in the world!
G20 yesterday really attracted the attention of many people, especially fans of cryptocurrency, this is very interesting to me where so many countries are pro against cryptocurrency, and there is an Indian state that previously banned bitcoin very firmly, here india whether to re-use bitcoin and legalize it for not some time to come forward, I hope that, where the largest number of users of cryptocurrency in India after resisting bitcoin there is a very high drop, hopefully this will be good for china also because it forbids it for a while. .
*#CRYPTOCURRENCY #G20 #RESULTS
First conclusions of the G20 meeting for the purposes of the Cryptocurrency scenario, in case you are interested in:
Argentina = Neutral
Australia = Legal
Brazil = Legal
Canada = Legal
China = Temporarily prohibited (illegal)
France = Legal
Germany = Legal
India = Neutral
Indonesia = Neutral
Italy = Legal
Japan = Legal
Mexico = Restricted
Russia = Restricted (previously illegal until the recent unlocking of 40 encryption sites)
Saudi Arabia = Restricted
South Africa = Legal
South Korea = Restricted (Regulatory action previously legal but pending)
Turkey = Legal
UK = Legal
US = Legal
Countries invited for the 2018 G20 meeting
Chile = Legal
Jamaica = Neutral
The Netherlands = Legal
Rwanda = Neutral
Senegal = Neutral
Singapore = Legal
Spain = Legal
15 legal, 7 neutral, 4 Restricted, 1 illegal
This was my main concern about crypto because if any regulation would come in G20 or any bad news the market would have taken a completely different path and as investors it would be very hard to adopt to another wave
Here India is marked as neutral which might change in few months. The finance minister here has mentioned the deadline as December 2018 and till then , they will come up with rules related to crypto in India. As per the working style of current government, I expect huge tax on the bitcoin investment which will discourage the investors. Another major issue here is that you cannot do any transaction (even $10 in crypto) without KYC.
*#CRYPTOCURRENCY #G20 #RESULTS
First conclusions of the G20 meeting for the purposes of the Cryptocurrency scenario, in case you are interested in:
Argentina = Neutral
Australia = Legal
Brazil = Legal
Canada = Legal
China = Temporarily prohibited (illegal)
France = Legal
Germany = Legal
India = Neutral
Indonesia = Neutral
Italy = Legal
Japan = Legal
Mexico = Restricted
Russia = Restricted (previously illegal until the recent unlocking of 40 encryption sites)
Saudi Arabia = Restricted
South Africa = Legal
South Korea = Restricted (Regulatory action previously legal but pending)
Turkey = Legal
UK = Legal
US = Legal
Countries invited for the 2018 G20 meeting
Chile = Legal
Jamaica = Neutral
The Netherlands = Legal
Rwanda = Neutral
Senegal = Neutral
Singapore = Legal
Spain = Legal
15 legal, 7 neutral, 4 Restricted, 1 illegal
*#CRYPTOCURRENCY #G20 #RESULTS
First conclusions of the G20 meeting for the purposes of the Cryptocurrency scenario, in case you are interested in:
Argentina = Neutral
Australia = Legal
Brazil = Legal
Canada = Legal
China = Temporarily prohibited (illegal)
France = Legal
Germany = Legal
India = Neutral
Indonesia = Neutral
Italy = Legal
Japan = Legal
Mexico = Restricted
Russia = Restricted (previously illegal until the recent unlocking of 40 encryption sites)
Saudi Arabia = Restricted
South Africa = Legal
South Korea = Restricted (Regulatory action previously legal but pending)
Turkey = Legal
UK = Legal
US = Legal
Countries invited for the 2018 G20 meeting
Chile = Legal
Jamaica = Neutral
The Netherlands = Legal
Rwanda = Neutral
Senegal = Neutral
Singapore = Legal
Spain = Legal
15 legal, 7 neutral, 4 Restricted, 1 illegal
OP, where did you get this your list from, cause I don't think I have seen it anywhere or on any news that has to do with the G20 summit meeting. I believe you copied and paste this information from Google through Wikipedia website. If I am correct, the G20 summit meeting was all about regulation on bitcoin and it has nothing to do with whether any countries legalize bitcoin or not. Cause if we are to list, there arr many countries that bitcoin are illiegal not just the one you listed above.
Legal or not cryptocurrency in a country it will not make me not interested in cryptocurrency. Because with regulation in every government will not make cryptocurrency die, only those who are afraid of government regulation will make panic so they use panic selling. Whereas cryptocurrency is basically made for a means of payment but now cryptocurrency functionate more as an asset, so if the government makes the regulation and accepts cryptocurrency as a means of payment I will not use it as payment, I will still use cryptocurrency especially bitcoin as a place of investment and trading because with it will make me rich. So, government regulation is useless to me.
Majority is on legalisation and some is on regulation, then it going to the point that only few do not want cryptocurrency to succeed. We all know why and what they’re into, for their countries interest and greediness for wealth distribution. It’s hard to pressure those country to take cryptocurrency out of radar or just giving it space to improve and develop more, most of them have history of being a communist or former and the citizens are no freedom to choose.
The G20 summit did not bring too much discussion about the encrypt world. Most countries believe that bitcoin is still a small man, not enough to affect the order and pattern of the world economy. Indeed, the encryption world is still in the early stage of development. Many projects are just a concept. We see that Japan, Germany, Italy and South Africa are recognized for bitcoin status. We should see Russia's change, which will be a positive signal.
Is this actually data that has been collected from the G20 meetings or did you just copy the data for the G20 countries with their current crypto legality from wikipedia? They are promising some kind of regulation towards July, no idea what exactly it's going to be though. Even though China and South Korea have restrictions placed on crypto, they are still two enormous crypto nations. So this data isn't always going to be as straightforward as you think.
I do think that people are over concerned about the regulations that may end up coming out of the G20 meetings.
The worst the governments can do is restrict exchanges or place tighter regulations on exchanges, that's all. And we're already seeing that happening. Either trading is going to become decentralised, or p2p. BTC cannot die because of regulations - it is decentralised itself.
I do think that people are over concerned about the regulations that may end up coming out of the G20 meetings.
The worst the governments can do is restrict exchanges or place tighter regulations on exchanges, that's all. And we're already seeing that happening. Either trading is going to become decentralised, or p2p. BTC cannot die because of regulations - it is decentralised itself.
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The conclusion of that meeting doesn't matter at all (in my opinion) since Bitcoin is already here and nothing can beat this digital currency. They can harm (in a very slightest measure) the price but the stability of this currency will remain unaffected and will grow more instead of decreasing. We will not be surprise even if one day came that those government leaders prohibit the Bitcoin on their respective country since their government could not get any favorable revenues from the decentralization of that currency.
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