Bitcoin Forum

Member countries are bracing for regulatory discussion on cryptocurrencies at upcoming G20 Summit. Worries have already found their way among investors about the future of the crypto after the summit. There are worries like whether a blanket ban on the market will be imposed or what kind of regulations will be in place--tighter or favourable--in place. What is your take on it?

The past struggles with the future. This event causes a great deal of excitement in the crypto-currency community. We will observe and hope

G20 Summit 2018 day 2: Bitcoin an asset, subject to capital gains tax

As countries increasingly define cryptocurrencies as an asset instead of a currency, G20 summit 2018 is going to have a detailed discussion of this classification.

Read here: https://coingape.com/g20-summit-2018-debate-bitcoin-asset-vs-currency/

G 20 meeting  one of the highlight is that crptocurrency regulation is out of the cards . there is no negative effect. We all expect increase after today ground final meeting. I will post more update with regards to this as soon as lay my hands on vital information

Not only G20 but government, bank and another big whales begin worry about crypto. Their financial fund and circulating has big impact and mostly negative, make their value asset reduced, one by one player leave stock, currency and commodities for crypto market. If they don't anticipated this situation, their product will lost audiences, specially the bigger. Stay with crypto but never forget stop loss is the right option. Ignore G20, they are greedy player.

As we see exactly this summit decided that blockade will be useful in the future and there is nothing criminal there. And I support their decision because the future of this market

BItcoin price is not moving big now, this is the reason why the scale is on the balance one, soon we will see if the leafy green or the red sea will be seen in the market.
This G20 summit will surely give a big impact with cryptocurrencies especially bitcoin.

The past must unite with the future. Let's be honest, cryptocurrency can not exist without the existence of regulators. Blockchain will change before it will be accepted by society, now it looks like the Internet of the 90's.

This summit really puts pressure on the altcoins and the price was pushed down. The sentiment were high and expectation also. Lo and behold when G20 was through and returned that crypto has no real effect on financial transaction within 20 minutes there was reversal that was witnessed and the altcoins has ever remain in the green. Hope this will the last of all the issues that will affect the market.

they decided to not kill crypto people. But one they they will start a big war against all crypto coins. this will start the 3rd war for sure.
Economic wars are always been the worst ones.

Maybe after this huge event will be the most exciting part of the Crypocurrency history as they were making a regulatory of every existing Digital coins to promote a better and efficient service in which the community relies in their everyday's living. And too far for any violence or fraud activities thay can cause the breakdown of trust in real matter.

So the bloodbath is over?

The billionaires must have been partying after they bought thousands of BTC for themselves, this meeting I think is set up just so they can buy more cheap tokens and investors panic. I hope those who dump will still have the time to buy back as cheap as possible before the rest of those who withdraw are coming back again for the profit.

Im really glad that they found this technology a potential rather than a hindrance for their control. Hope this would continue and later on be regulated with both sides winning.

I hope with the G20 to talk about crypto can get a logical and real answer related to crypto, because now this crypto has become one that changed the world. if G20 does not approve of crypto or forbid crypto it will be very harmful and technological advances of the digital world will lose one of the best inventions of cryptocurrency.

i think  there is nothing to be afraid. corruption, fraud and money laudry  problem is not because cryptocurrency even thought its seems like cryptocurrency would be the best media for it. but from the start cryptocurrency is about transparancy and faster transaction there is good thing that would make cryptocurrency survive and we do know that blockchain is so usefull.  The conclusion is cryptocurrency would not die and nothing to be afraid from G20 Summit

I've lost count of number of "G20 threads" I've seen today :)
I don't think it will make much influence on crypto.

I see 2 ways here:

• Governments accept cryptos and try to control them
• Governments try to ban crypto and crypto remain more or less private

There are pros and cons in every variant I think.

Tomorrow we can see the movement at a price. I read several articles about the summit, and I agree with them. They also want to make money on this.

For those of us that would like to see crypto as a payment method in every retail location, at every online store, as a method of paying employees and vendors, and for P2P payments, we must have government acceptance.  We will have it, government knows it cannot truly control cryptocurrency, so it will try to regulate aspects of it.

I believe some aspects could benefit from common-sense regulation.  I strongly support voluntary standards that could be implemented quickly as a tactic to improve some of the clear cases of fraud and/or stupid crap such as client-side JavaScript (lol).  Efforts such as this will help improve public, regulators, and lawmakers perceptions, increase adoption, as well as solving problems inside of the ecosystem instead of being mandated this or that.

Best regards,
Ben

Everyone was watching this summit on crypto and was afraid that anything negative not comes from it and the summit go smoothly and everything is same at it was before. No negative news is also a positive for this market and it is now comes in green after this summit over.

To my mind no negative news mean also neutral position, but not a positive thing for us. We all need to keep an eye on what politicians say about crypto.

Some countries will impose a moratorium on the crypto currency, which will adversely affect the course of bitcoin, and only in time, understanding the role of the crypto currency, will keep pace with all progressive mankind

This seems just power game.  Governments will never wish to lose their control over financial transactions.  It is also true that now no body can kill crypto / btc.  Governments are also aware of the facts that crypto currency is the currency of the future.  But definitely Governments will allow it's usage only under the rules set by them.  
So we need not worry.  Give and take policy will work.  Some rights will have to be surrendered and certain responsibilities will have to be accepted by the market.  And this will definitely boost crypto not kill it.  

How can the moratorium help these countries? No country is going to take international transfers. Even if you ban the use of cryptocurrencies within the country, users will be able to do so via the Internet in another jurisdiction. If necessary, cash out cryptocurrencies in other countries and receive international transfers or even worse black cash. Is that better?

i got some news from cointelegraph....but no one can verified yet.
https://cointelegraph.com/news/g20-considers-crypto-as-assets-not-currencies-according-to-document-draft
but i hope its true.and i believe its can help crypto community alot.

Yes, the regulation from G20 I think will give big impact for the cryptocurrency developing in each country, in my country Indonesia cryptocurrency still safe to play but there are a lot of crime that use bitcoin for their argument why they do it, and I think it will not give bad impact for my country especially in bitcoin

This is a good time to buy btc ... btc is going to have a sudden spike and the altcoin also vz ... wish you good luck to make a lot of money.

If the news I read was that there was a positive side to the story, In a letter, Chairman of the Financial Stability Board Mark Carney, who also heads the Bank of England, said the organization did not consider technology a threat - at least at this time.
from here I think it is positive that there is still room to support the development of crypto, so later there may be separate rules for the discussion of the world crypto so as not to cause a term money loundry or various things that affect the inflation in a country's economy.