Bitcoin Forum

Hi all,

There is a news from G-20 talks for cryptocurencies, they call it crypto asset. I think it should be good news for crypto space as it started to be acknowledged by government then people will be encouraged to invest. Here is the link : https://icovoting.com/news/official-g20-calls-for-cryptocurrency-regulation-recommendations-by-july-2018. How do you think from that news? Is it valid?

You living under the rock? Haven't you noticed that we have touch $9K because of the positive news that comes from that meeting?

So obviously, majority of us have heard that the G20 meeting has somewhat in favor of cryptocurrency that's why the prices suddenly pick up in the last 48 hours. And Yes its valid that's why I think investors started to pour their money again. But don't celebrate yet because we are still not out of the woods and needed more patience. Just be ready with your funds and purchase bitcoin because it might go for another bullrun next month.

I have read the news on several forums and cryptocurrencies news sites and the comments people are making about it is that it is a good news and we should expect bitcoin and other cryptocurrencies going to mainstream very soon. Many people were thinking the g20 are going to give warning about cryptocurrencies but the revise was the case and this should encourage us the enthusiasts.

You don't need to go further as this forum already has a lot of threads about the positive results coming from the G20 meeting.

Actually, one of its board advisor told that crypto is not a bad thing as only 1 % of people around the world is into, or something to that effect, I remember that it was a Sunday and the price went as low as $7500 but in a matter of hours the price jumped to $8000 and then after the meeting it ballooned to $9000 so the outcome of the G20 thing has really brought this jump in price.

The will rediscuss about the Bitcoin regulation in July. If they prefer to leave Bitcoin and crypto assets unregulated, that may have a big impact on prices.

Of course, we hear it. The G20 meeting for cryptocurrencies (bitcoin) was a topic that was initiated by representatives of the japanese state. And we are pleased when we hear a positive initial response to cryptocurrencies.


Ha .. ha .. maybe a new op out of the water after a dive.

Yes it's valid and this is quite a great news, seems like the world is ready for crypto currencies, the outcome of the g20 meeting is veey positive although there will be some agenda to discuss again, but this result had pushed btc price going up quite fast, the bullish market is the result of the the g20, hopefully the next meeting about regulation could give advantage to the investors, users and the government

I actually hear it the other day but not seen or read the actual article and I’m glad that the result turns out to be positive. This is big win for cryptocurrency as G-20 recognizes it as an asset. We can expect that the price of crypto to stabilize within two weeks. Traders will take advantage this kind of constructive developments.

I think that is a great news for crypto future. I also have read about G20 finally decide bitcoin have not risk for world economy. About acknowledge government, that the one can make we breathe a free.

Yes i have heard that news . This is very good news for cryptocurrencey . As you can see the price of bitcoin after that news , Its rising very rapidly .Hope bitcoin price will hit 10k very soon .

News like this one won’t be just an ordinary that the crypto community won’t have any information about or haven’t heard.. It is just that good news aren’t as controversial as the bad news,, they’re mostly been given a much lower attention for it won’t be a good thing for some..

Take this news as a black small period in a blank white paper.. It’s dominance dictates the marketing..

There were probably many things to happen:
1 Straight bans - (to stop investors to directly invest into crypto) which would give more air to wrong ways of investments in this space.
2 Legality - which is currently not possible at global level due to non-regulations.
3 Impose regulations - they are currently trying to find ways to regulate the markets, but I (we all may) fear the possibility of all this becoming part of a centralized system once it goes regulated everywhere.
4 Impose taxes - they will surely make some slabs for this special category they call as crypto asset, so not to lose their piece of the cake.
5 Criminalize it - which is impossible for them as they have also invested in this. ;)
6 Last but not the least - ACCEPT IT - which they are going to do very soon.

Their words say that Bitcoin is not a threat to the Global Economy, which means it's a clean chit for crypto world to operate without taking much stress aboard.

Kinda old news since it's been posted a few times here, but yeah, this is bullish news. We already say a small recovery in the btc price (and pretty much the entire market) when the statement from the G20 summit was released, so I can only imagine how big the spike in the prices are going to be once the regulations hit the crypto market, new money from investors and the general public will most likely be the trigger to start the next bull run...or perhaps i'm being too optimistic.

Basically this is typical news.

Unless Bitcoin really hits the mainstream the G20 is not going to discuss it.

Even though we all own and love Bitcoin, the common person has no idea what it is and even if they heard of it they probably don't own it.

Unless it's use really rises in the near future, they won't be discussing it.

It doesn't end with the G20 summit though, that's for sure. Outside the said summit, for sure governments are trying to come up with a solution of their own to combat money laundering and bitcoin being used in illegal trades while keeping the regulations neat as possible (though some have plans to just outright ban the crypto, boo) seeing that there isn't a huge negative effect on a country's economy if they're going to regulate and acknowledge the use of crypto.


if a country starts to consider taxing crypto assets, this would be the start of regulating and legalizing it since the government now benefits from any trades/purchases made with the said assets. It's also a step towards public acknowledgment as well, seeing that their government are doing something with these cryptographic innovations that can act as money.

Any news is good news for cryptocurrencies, especially when it comes from the governments. This means that they are slowly recognizing what they are. Just that I do hope that they will not impose a very restrictive regulation for its use that will lead to the technology being hindered or even completely phased-out due to the regulation.

Yes, the news is valid and its a really good news for crypto and its community. It shows that crypto is going mainstream and its being adopted by the world. However, it still has a long way to go.

This is really a good news since there is a rules and i think fair regulation on it but we should have to wait for the result if it is really fair enough to settle everything in crypto. Meanwhile this is a good news for all crypto holders, BTC is slowly gaining its height.

A good news which could bring us to fair and outstanding state where we could rely on the settlement between cryptocurrencies argumentation. Let see if this said G-20 will could see if there would be more good diligence to came with crypto. But lets not keep our heads on it and not to expect to much since we could able to earn with these events eventhough we are at fall times.

Yes,i also heard that news,  a good news to everyone who deals with cryptocurrency,obviously it really influences on crypto market in a positive way as we observed the recent increase in the price of bitcoin,but dont expect too much,let us see  what would be the result this coming july and hoping for the best so that all of us can benefits of it.

In July they will for sure have come up with some regulation or a guideline at least so they can regulate it soon thereafter. The only question remains will that regulation be bullish or bearish, I think it can have a significant impact on the price of Bitcoin moving forward.

True, celebrating so soon would be bad and we dont know when they will turn everything into FUD news, Lolz. Thats the worst experience hat we can have in the crypto world. However, Japan seems to be very positive country when it comes to the crypto currency. They have already known the potential of the bitcoin and other currencies that is why they are very very forward about it. May be this is our chance to bring the crypto currency in front of the world and accept it as legal tender for our future use. Yes, current up surge was all about the summit news and more good news to follow soon once they finalise the results.

By acknowledgement, do you mean to say that they will make users more aware of the crypto world by making it mainstream and that there might be no centralization? I believe that once these Governments start undertaking the process of ^acknowledging^ everyone about crypto, they'll begin their complete involvement into everything related to the crypto space, and then there will be like no privacy left due to people being bound to make their income disclosures from crypto - that's actually good. But, if all this comes into action, don't you think that they'll have full control and that, we'll be under the fear of getting crypto ended any day due to them having all the powers in their hands?


I believe they should announce a subject over cryptocurrencies to make even the smallest students understand about Bitcoins and the crypto economics during their growing ages, so not to take any wrong decisions or abuse the power that's been given in their hands. Taxes is something which is one of the major reasons why they're worried, but if we honestly show everything in our statements and show our loyalty by paying correct taxes, they shouldn't have a problem considering crypto assets to be legal as well.

Just means they want to tax it, their mad their not getting their share... Lol

I agree, any news or publicity regardless it is for good or bad is still a publicity.  This will definitely affect Bitcoin prices and if this called regulation is good and will connect huge institution to trust Bitcoin market then, it will definitely push Bitcoin to bullish state.  But as of now, the only thing Bitcoin holder in mind when terms regulation is used is negative but I hope they will change this belief soon because in order for something to be fully recognized and adopted is to be regulated by the governmnet.

I think its wrong, it goes in opposite then what its supposed to be, something decentralized shouldnt be government mandated should it? The government of any country did not create bitcoin or etherium. Still as a legitimate user of ethereum myself i do see the legit points made to this thread. I just wish gov would keep their hands off. My personal opinion.

I don’t really know, but I believe it’s making some impact cause the price is close $9k, just around $8,700 as of recent, when I checked. If that’s so, then I believe every soon the price will start running up and might cross the last highest rate of $19k in 2017. Even before this meeting, I’ve been hearing that Bitcoin will go up around May or anytime middle of the year. But let’s keep waiting.

The supervision brings only short-term market decline, but in the long term it is good for the development of the industry.

The summit was another reason to manipulate the market. As a result, it turned out that they do not see the threat from the crypto community. And yet they are not going to regulate anything. Let's see what will happen next.

I was delighted with the news because they do not recognize cryptocurrencies as a threat to the global financial system. As they've rejected the proposals from various countries regarding cryptocurrency regulation, it opens the door for the bulls to make their own run and even got past $9k. However, it was just a short bull run because there are fears regarding Hongkong-based Binance halting their operations in Japan by force or else they may face consequences. That one alone creates FUD along with the Mt. Gox issue.

this is good news because it has a positive impact on the development of bitcoin in the future, because the news bitcoin slightly increased compared to last week that before this news bitcoin prices continue to decline, I hope the negative impression of bitcoin will be lessened by its recognition and understanding of bitcoin, because we know how people judge a point of view against bitcoin is always negative

No, I do not think so. The news that the G20 has announced is not related to the development of the altcoins. As far as I know, the information they give is normal. This means that it does not affect bitcoin and that some developing countries block it. So there is no reason why we can trust the future of the altcoins.

Yes, representatives of the G-20 countries supposedly came to the conclusion that the crypto-currency can be recognized as a financial asset, however, in order to consider it in more detail, by July it needs to be thoroughly studied and prepared for discussion. This, of course, is already good news for the crypto-currency world in the sense that at this summit there were no calls to prohibit the crypto currency or to regulate it rigidly.

From what I've seen foe the last time the governmental regulations are mostly spreading FUD then push the bullish market. There are a lot of crypto related companies and services that already work for a pretty long period of time. They are officialy registered and pay taxes in their countries. If governmenal regulations will only establish the clear rules of how it should work (that is concidered as a positive regulations) then all those companies will continue their work, nothing will boost cryptos. But if gov bans some crypto related stuff it always start the insane waves of FUD.
IMHO G20 should do some other  things instead of regulating cryptos but I still believe that in most civilized countries it shouldn't be banned.

After a lot of discussion and talking on the topic of the crypto currencies by the G-20, they have finally came up with a very good decision and that they have announced this thing to start the regulation of the bitcoin and other crypto coins in all these countries as they have realized the worth of these coin and that this will overall effect the market of the crypto currencies in much better way.

The main good news is that there is no bad news. If they decided to ban, then the situation would become much worse.