the decisions of each country are very diverse, they consider the fate of their people to be safer
I appreciate all that is done by the countries that are members of the G20, and hope to find a uniform agreement on cryptocurrency
whether it's through repair or having to completely overhaul the cryptocurrency
Topic: UPDATE! G20 CURRENT REGULATORY STATUS (Read 413 times)
On 21st and 22nd of July 2018, G20 shows some updates about Global Finance, cryptocurrency included. After the crypto-assets introduction and international recognition at the last G20 Summit in March 2018, finance ministers and the central bank governors of the G20 member countries reiterated their vigilance position regarding crypto-assets regulamentation Technological innovations, including those underlying crypto-assets, can deliver significant benefits to the financial system and the broader economy Crypto-assets do, however, raise issues with respect to consumer and investor protection, market integrity, tax evasion, money laundering and terrorist financing. Is still exists, therefore, a global recognition of new technologies, the affirmation of the same as a benefit in the global financial market, but also of their dark side, since there aren’t no regulations and protections against those who use them for shady. First of all, the requesting regulatory intervention by member countries concerns the theme of cryptocurrency global anti-money laundering (AML) specific entities are being asked for assessments and clarifications to be reported within the next G20 Summit scheduled for October 2018.
If G20 has the market in ruins then the market is a retard.
1) regulations are not dreamt up and imposed as law after a week long holiday in South America.
2) regulation is probably good for crypto in the one sense that it legitimises it.
3) crypto shouldn’t give a fucking about regulation, it’s supposed to be about completely open free money.
1) regulations are not dreamt up and imposed as law after a week long holiday in South America.
2) regulation is probably good for crypto in the one sense that it legitimises it.
3) crypto shouldn’t give a fucking about regulation, it’s supposed to be about completely open free money.
A second discussion will happen on Tuesday,.
The agenda and talking points for the two discussions have not been released. However, a public document indicates that the discussions will revolve around the implications of cryptocurrencies and the potential applications of its underlying technology.
Here's a public document//:
https://drive.google.com/file/d/1n1xwAi1iF_9LtmM1XUGPuBmV4P_UouIX/view?usp=drivesdk
The agenda and talking points for the two discussions have not been released. However, a public document indicates that the discussions will revolve around the implications of cryptocurrencies and the potential applications of its underlying technology.
Here's a public document//:
https://drive.google.com/file/d/1n1xwAi1iF_9LtmM1XUGPuBmV4P_UouIX/view?usp=drivesdk
At last,some good news that make market move again.I hope the second meeting will provide some good news too to counter FUD that has been spreading lately.With people knowing this,they will start investing again without fear of the strict regulation.
I think this G20 is a good news to us bitcoin users. This only means that these countries are taking cryptos seriously. They want to be united on what to do with cryptos and I think their decisions are in favor of us, users. Instead of banning cryptos, they prefer to use it in exchange to taxes and to know people who are engaging with cryptos. They want to know who are these people who keeps earning money in bitcoin and altcoins and how they use/transact with it. I think their reason for wanting to know who are using cryptos is to know if they're doing illegal things or not. Some may not like this idea but for me, it is a good way to stop abusive people who are taking advantage of using cryptos for illegal transactions.
I think avoiding regulations is one of the major reason why people got involved with Cryptocurrencies in the first place. Because crypto acted as a safe haven for regulation-free exchange of value. So, you're contracting yourself and the mission of Cryptocurrencies by saying the incoming regulations for the Cryptocurrencies space is a good thing. Let's be honest about what is and what's not.
The source of this is an web article a few days ago summarizing the *current* state of regulation. It is not a statement from the G20.
If this is true, It seems that regulations are on its way as many countries agreed that they do not have regulation. Also korea wants to identify the traders probably to avoid tax evasion. China is still tough on it is view about ICO ans trading.
This is what I expected actually. There are no major changes for cryptocurrency world, which is good. Hopefully the market is stable.
hmm i think thats makes bitcoin price is going down in several days before, its a good news id the g20 news was come out, i hope that the price of bitcoin and other coin in market can going back soon. and we can make some profit soon because right now my coin have 15++% value decrease 
#Italy
- Some central banks consider issuing cryptocurrencies
Isn't there only one central bank in each country? At least in Italy there is.
Quiet confuse here but overall as I can see its more about on a positive side in favor of cryptocurrency.
Bigger countries are finally accepting this, though its quiet regulated but atleast its not banned. A brighter future for all the believers of cryptocurrency.
Anyone who has been swindled by ICO activities would easily applaud those countries calling for its ban. I have tasted this bitter pill and I know how it feels to be cheated out of one's money.
I strongly believe that this G20 summit is going to end boosting the crypto space as we already can see the market turning green in profit again today with the commencement of the meeting today. It's a plus for all crypto fans and investors.
I read in some other thread this idea that it is customer protection we need, not regulations. And your account seems to justify this line of thinking one hundred percent! Look, what is really needed is that we, as customers, are protected as while, say, we are protected doing Internet purchases! I strongly believe that this G20 summit is going to end boosting the crypto space as we already can see the market turning green in profit again today with the commencement of the meeting today. It's a plus for all crypto fans and investors.
Well the G20 announcement made bitcoin's price boosted back to 8k but i don't think this announcement will make bitcoin price will boost back to 10k since the facebook and google are pressuring bitcoin by banning adverts that promoting cryptocurrencies and twitter will follow too so, many companies that focuses on cryptocurrencies will suffer. Anyways OP you did a great job researching the current status of bitcoin in different countries.
They ban alt-coins and scams adverts, they did not said they will ban bitcoin. So, that is an excellent news from google, in their statements they not mention in any phrase the word "bitcoin".
This is a welcome development in my own view as it will take the cryptocurrency world to the next level which is the level of sanitation. So many people including me have been scammed by some ICOs in the past and as we speak they still keep scamming people. This will help eradicate scam and boost confidence for the cryptocurrency world.
Well the G20 announcement made bitcoin's price boosted back to 8k but i don't think this announcement will make bitcoin price will boost back to 10k since the facebook and google are pressuring bitcoin by banning adverts that promoting cryptocurrencies and twitter will follow too so, many companies that focuses on cryptocurrencies will suffer. Anyways OP you did a great job researching the current status of bitcoin in different countries.
we just wait for all G20 member countries to finish their discussion. only some of which give statements and attitudes of other countries to crypto currency. I hope the results of the G20 will generate profits for the owners of crypto currency in various countries around the world
I feel good or bad feelings in regards for this g20 issue event i am hoping that everyone be profited to the outcome of G20 MEETING.
Looking forward for a better outcome of such event that will determine the popularity of bitcoin in each participatory country’s regulation and stands on cryptocurrency issues. The more times that bitcoin be part of such important occasion, only shows how the blockchain technology in shaping the evolution of online currency and its popularity.
Let’s be hopeful for a better future for all of us investors and users.
Let’s be hopeful for a better future for all of us investors and users.
with or without It will succeed, just it will be easer if the government will except it now and not later.
For sure Crypto is here to stay:)
And there are not enough lambos for us..lol
For sure Crypto is here to stay:)
And there are not enough lambos for us..lol
This is a nice update from the G20 team..
We expect more postive news from this market
We expect more postive news from this market
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