Bitcoin Forum

The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/

Thank you for the good news, today it really is the best!

I sincere want to hope that this is from a reliable source. At least, everybody can now settle down and do his business as the fear, uncertainty and doubt have been cast into the ocean. Let's us begin to see the remarkable impact of this news in the prices.

I hope after this good news crypto rates will be back normal again that I hope more than highest record.
because if crypto currency rates is good, so that make our financial will be better than about few days ago, when crypto price drop so far.
And I think many people loss their assets since cryptocurrency drop so far, and I hope they can get it again at this time.
All crypto user will get good effect after this, this seem like financial crisis which will be bring effect to all side, and maybe need more good news to make cryptocurrency increase. Hope all the best for cryptocurrency, because cryptocurrency is usefully fo our life to be better if we use it in good way and right way.

One thing people have missed from this recommendation is that it is not a recommendation of no regulation. It just does not recommend creating new regulation specifically for cryptocurrency. There is a difference and a significant one. It just means traditional regulation will be used for cryptocurrency.

I haven't followed the news closely but from what I get, They didn't really say "no crackdown" but rather starting to figure out they can't really regulate the cryptocurrency industry. Christine Lagarde wants to use the blockchain technology with the hope to regulate.... something using blockchain, Do you see the irony?

for g20 summit, no news is good news

G20 has no legislative power, only the governments (Congress and the executive) of each individual control would be able to place regulation, legislation, and so on and so forth about bitcoin. So this isn't a victory, this is what should happen anyway.

G20 just offers recommendations,nothing of what they say is legally binding.

Sounds like a good news for the crypto community as there had been no good news from almost 3 lonths, this news could be the medium to trigger BTC price. We have already seen BTC recover around $1000 from yesterday as  BTC is now at $8.5k .Yeah , there is a difference. It means that there will not be any additional regulations on Crypto which is a good news since additional regulations might have caused more decline in BTC's price.

Traditional methods of regulation are not suitable for cryptocurrencies. The Bank always keeps track of currency movements. Cryptocurrencies do not use the banking system for moving and do not adhere to the generally accepted rules for banks. If you are making a payment from a Bank account, you must indicate the purpose of the payment. In crypto it is not. And the amount of moved capital is not limited. Countries that are under sanctions also can not be limited in the movement of cryptocurrencies.

Nice to hear a  good news related to bitcoins after so much time. It is definitely pushing the prices and I can see price increasing by about 5% today. All other alt coins are also going strong and ripple has grown more than 20% today. I was reading threads here related to crpto here and found a post by a member who suggested Ripple as good invested. I added some Ripple yesterday and now the value is 20% up in single day. Hope this continues.

The news will be good. It helped the market to recover just immediately. G20 outcomes are always instrumental to the world's economy. If no crack down, it is then a good news.

Hope price goes into better than before and i think this is the starting of bitcoin price increasing in the market place., but i didnt full of trust and confident for the price increase of bitcoin as of now because high expectations are very hurt failure, but i still believe in bitcoin as strong cryptocurrency.

There're two side to this story one we all should get happy and say there're no regulation but wait what about the existing one's. Secondly does G20 really have any sizeable say in the global economy, I don't think so. When was the last time you saw them do something and all nations adapt to it. We should take this news with a pinch of salt, as there's nothing great if one deeply analysis this. Well for the sake of Bitcoins I do hope no more regulation come up.

So far the influence of this good news has already made bitcoin prices in various areas to be reforested and I am sure the increase will continue because of investors' hesitation over the outcome of the G20 meeting has been answered so that investors have started to enter the market to buy bitcoin. I've been waiting for this good news and I think everyone is happy with this news.

sounds like a good news and thanks to OP for sharing this here but i have to say unlike OP i do not think bitcoin "bulls" are responding to this news as big as OP is describing them to. price is still at the very beginning of $8k and it is not even over $9k yet which would be the sign of some bulls around.

Well the crypto market turned green against the $ in most currencies today. Perhaps the recovery has started.

Yes, that's good news for bitcoin. But I don't think the news has affected the price of bitcoin. The price of bitcoin has dropped so much that I can't understand the reason for the decline.

Good news! I noticed that today not only bitkoyn began to grow, but also ETH and altcoyins.
As we expected. We hope that there will be a lot of growth now.

Awesome thread! I was overwhelmed by the information exchanged from the replies. Very nice for newbies like me. :)

It is definitely some good news, but it won't be enough to make investors calm. However, it looks like thanks to the G20, Bitcoin price increased by around $1000 dollars. There is no point in Bitcoin reaching $20.000 again if we won't be prepared for that. I wouldn't like to pay $20 for a transaction, again. Give our community and the developers some time. Last months were very exciting, we have to cool down a bit.

IMO, the word 'crackdown' is used erroneously especially if they're trying to relate it to crypto. What regulators and government mean by crackdown is that they would pursue wrong-doers and illicit activities which use cryptocurrencies as some sort of medium/vessel to accomplish their things. Needless to say, there aren't really talks for a complete ban on any cryptocurrency but rather just improve existing regulations in AML and KYC in order to prevent money laundering with cryptos. Also, with Japan and the US spearheading the said talks, there's a high possibility that the rulings will shift to cryptos favor.

I was looking forward to good news from the G20 summit, as I could no longer watch the market fall. After these news, bitcoin immediately went up by $ 1000 and the whole market in the green zone.

yes I have also read the news. with this I hope is bitcoin back to the moon. And then sideway for a long time, and take profit with my coin.   ;)

I quite agree with you on this but the G20 also has they own jurisdiction just like the international court of law which can make judgment and it will be binding in all member States like wise the G20 which law are binding on all member state in respective of the laws of their individual member States. I see this as a good new for the cryptocurrencies market because this will prompt new investors to have confidence in the market.

G20 may talk a lot, may make decisions of different kind, make various announcements, but very often it does not mean that it will be just like that what had been announced by them. It looks like the recommendation more. And very often the future decisions of the governments change in the process of realization. And this decision as for the future of Bitcoin's regulations that was accepted by G20 today, it may be changed by the other decision of the G20 tomorrow. Will it be really the very positive news for Bitcoin who knows. Will see.

So one thing for sure is that the price will start recovering immediately after the bulletin. That is probably what we are most looking forward to. Reduced prices not only hurt the traders but also the ICO project owners

Finally, it's about time that we saw another bit of good news instead of all the negativity.
Now I wouldn't be completely against regulation, as long as it's fair. I'd even say it could have a positive effect on Bitcoin, making it more legitimate.

Just look at how much Bitcoin is being used in Japan after they introduced new legislation for crypto.

According to me goverments decisions more important than online add provides ad restrictions. This thread awesome for crypto market.

I beg to differ because this is really a very good news for Bitcoins and cryptocurrency as a whole and the impact is very instant because i can see the cryptocurrencies steadily rising as a result of the decision that they took.

This good news is what we've been waiting for. It took a while and bitcoin dropped because of the fear of what the G20 discussion would bring. Now that Bitcoin is over 8K, let's hope the price keeps increasing and that it will soon hit 30K. With all the positive news, it shouldn't be too hard.

this is indeed good news as this could have presented a number of difficulties for crypto currencies as this is a international forum for these 20 countries and banks .It therefore would only have added to bitcoins stress load had the news been any different , it must be noted that this grouping was formed with the main intention of discussing policy pertaining to the promotion of international financial stability it is definitely a powerful bloc as it accounts for 85% of the gross world product , this is an indication of the power this organization wields. so this news is indeed very good news as it must mean that they see a role which cryptos will play in helping to maintain international financial stability.Lets just be patient as this is obviously a race for those who can endure .

Prices aren't recovering tremendously! Not right now .. but they can be expected to.. and I don't think that one should forget that cryptocurrencies are providing stable income for many! And this is something that government won't look off !

Yeah i already know this news and happy to hear that...
this news really affect to cryptocurrency market and make all cryptocurrencies price back to turned green again...
Time to take some profits from my coins...  :)

that good news thank for sharing
ah something like this what we waiting for some a goodnews not just a bad,
i know if more you famous more people will search your bad side but this to many for bitcoin

It is not really that surprising the blockchain has the potential to both free us or enslave us, after all in the blockchain it is every transaction ever made, which means that if bitcoin was ever replaced by a private blockchain created by a government or a group of governments they will be able to monitor every single movement that you make with your money, so they see the potential in the blockchain, what they need to figure out is how to destroy bitcoin.

Well, thanks for sharing the article link and i think the movement has started and this positive rally due to the news effect has been changig the minds of buyers who were sitting on the side to buy the bitcoin for now. I would like to add that if the momentum increases on rising prices then you can expect the chart analysis to help you in this matter by giving you the right trend and market direction. You just do some chart analysis from your side so that you get the idea from yourself.

Finally a positive news for the market to move higher from the correction we had last week, i am not sure when the next meeting will be ,but in my opinion we will be seeing regulations down the line,this is a new market and it might need some time to have a rule set ,the main worry is about the scams and how to prevent that in the future,i would like to see how the market will react and how long this green run will continue before another bad news. ;)

I am not quite sure if traditional methods of regulation would apply to cryptos.
Cryptocurrency is operating in a decentralized platform, unlike banks with which transactions are closely monitored, like indicating sources of accounts, purposes of sending out, relation to recipient and others.
I believe this traditional way of doing it does not really apply to cryptos.

Hopefully this brings in more investors.  Seems like crypto is only bull or bleeding money. I would honestly be happy with a 500b stable market for a few weeks

It's truely a good news. At least the FUD will be over now and portfolio will boom again

The news is anticlimactic. As if the G20 can do anything but regulate bitcoins. But this piece of good news is enough to convince some of my skeptic friends that cryptocurrency is here to stay.

i wonder if this news really affect the bitcoin and cryptocurrency value.
but it seems to be the price of bitcoin slowly increased by the time now.

It's not a good news!it's just populism. My advice, don't pay attention to this and buy OAX tokens) In june you will see sun rising)

Like what I've said in my friends that using cryptocurrencies right now, g20 summit will make a great impact in our economy specially in the world of blockchain technology. The result of g20 will declare if it will good for the crypto enthusiast or not. Well, I think it is good enough to hear that g20 was successfully completed and I the new regulation may bring a boon pr bane in our society.

Not many people that listen to the advice of a few months old account.

Yes, that's good news for bitcoin. These countries do not negate the cryptocurrency, they acknowledge the legality of the cryptocurrency. And they will impose strict regulations on the cryptocurrency, which will make the encryption market better.

more good news is still coming , next month all hope that was lost will restore back. crypto cant be stop

After some day the impact was been felt, this is indeed a good news and its showing from how the market reacts after this, for believers like us, we should
just anticipate more positive things to happen inside the crypto market, bitcoin will start to rise up again and alts will follow, for sure it will just the start
and we will soon to see the new height for bitcoin value, just keep the good news coming.