Topic: Positive news for Crypto in G20? or not so positive? (Read 111 times)
Not interested in perusing further regulations? Sadly ithese meetings don't achieve any law. If you find a country feeling threatened or crypto begins to do what it's supposed to do and deregulate the banking system expect change in minds
This news seems to be positive as market start recovering with really a good speed. If countries are not interested in crypto regulation and don't consider Bitcoin as an economic thread then it means Govt. of many countries will not BAN crypto or Bitcoin from their country.
The crypto money market grew again after seeing the lowest values of the moon. Bitcoin, ethereum and other crypto units showed an average increase of 15-20%. This rise followed the Bank of England's announcement that members of the G20 did not pose risks to the global economy.
In the long run this is bad. But as of right now the crypto world is not big enough to move into mainstream regulators hands. We need to grow some more first and fix some technological issues before should be regulated. If we dont, regulators will risk destroying crypto.
I think that everyone was waiting for this news and for the crypto world this is positive news. Raising prices are still restrained and other factors. Let's see how the market will behave.
"Great news was passed on from the G20 summit as they announced they are not interested in pursuing further regulation of cryptocurrency and blockchain.
The G20 is an international forum of governments and central bank leaders from the most financially influential countries around the world. Their aim is to create policy that will provide international financial stability. The letter published by the Bank of England governor, Mark Carney, who is the chair of the Financial Stability Board (FSB), stated that “The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time.”
What do you personally think? Are these news positive or negative?
P.S. I think that in the current Bear Market these news are great as it didn't crash the market deeper, but not sure that lack of regulations may have good long-term effect.
The G20 is an international forum of governments and central bank leaders from the most financially influential countries around the world. Their aim is to create policy that will provide international financial stability. The letter published by the Bank of England governor, Mark Carney, who is the chair of the Financial Stability Board (FSB), stated that “The FSB’s initial assessment is that crypto-assets do not pose risks to global financial stability at this time.”
What do you personally think? Are these news positive or negative?
P.S. I think that in the current Bear Market these news are great as it didn't crash the market deeper, but not sure that lack of regulations may have good long-term effect.
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