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Good news for BTC G20 Current Regulatory Status

#USA
- ICO Prohibited, Money Laundering & Illegal Act Regulations, Cryptographic Exchange Tradition License Scheme

#Japan
- taxation, payment instrument recognition

#Germany
- It is a legitimate financial instrument and may be taxable, but requires additional licenses and permits.

#England
- No government regulation

#France
- warnings about regulatory readiness (not disclosed in detail), 'risk of speculation and manipulation’

#Italy
- Some central banks consider issuing cryptocurrencies

#Canada
- Taxation

#China
- Coin trading prohibited, ICO prohibited

#India
- Not accepted as a means of payment, regulation of money laundering and illegal activities

#Brazil
- Financial assets not recognized, direct investment prohibited

#South Korea
- No anonymous account transactions (real name system), tax preparation in progress

#Australia
- No government regulation

#Russia
- Cryptocurrencies regulation legislation, ICO prohibition, while allowing legislation, can run a legitimate exchange

#Mexico
- Preparing taxation

#Indonesia
- No government regulation, prohibited from banks

#Turkey
- No government regulation

#Saudi Arabia
- Some regulations will be introduced but not prohibited

#Argentina
- No government regulation

#Republic of South Africa
- No government regulation

#European Union
- Agreed to more stringent rules to prevent money laundering and terrorist financing in Bitcoin and other virtual currency exchanges

News will flash today Monday and Tuesday for the finalization of regulation of crptocurrency. We hope after the meeting it turns for favor of the cryto world.pls all be patient for the meeting outcome

Not a bad list of updates, I know that most, if not all of that information is already known so status quo is maintained. What the G20 outcomes would really have impact if some of these countries changed their stances, or if any would form cooperative partnerships - that would affect the way cross-border commerce with crypto.

To me ICO prohibition means very little to Bitcoin itself, it's hardly even used by ICOs anyway. If anything, fewer ICOs should stunt the current proliferation of nonsense tokens... yes it would mean a halt to the global crypto market cap, but we all know it's been a rubbish metric anyway. Worst case scenario, it goes into negative growth, but bitcoin retains or even recovers some of its domination (again useless metric but psychologically positive).

I am also not sure if its good..urgh!!
Im so stressed thingking what is the outcome after g20 meeting is done..:(

Can make some conclusions of G8. Btc price was slightly recovered in the last twelve hours (almost 1k bounce). This is fake attempt of price recovery, because one or two bad news from G8 will surge price down again. So they play those cheat games with us. whales are constantly fooling us.

Its really good analysis but based on recent news "Bank of England Governor Mark Carney, who is the chair of the Financial Stability Board, has recently published a letter to participating members of the FSB — who include central bankers and finance ministers — stating that cryptocurrencies are not a pressing issue:"

As far as i can read on internet, this g20 gave/give us quite good news about our beloved crypto world. Infact yesterday night the price recevered around 10%. In my opinion all ICO right now should be shutted down cause there are just scam out there and not very good ico like in the past anymore. Obviously there are some nice ico but 99% of them are just " hey bro, give us some money".

Do you think mam/sir? Does the g20 could affect the price of crypto?
Its going down or up??im not sure if its good or bad news.
Thank you for all your responce mam/sir good day and gobless!

The G20 meeting has no good news for digital encryption.

This is the best 20 countries in the world to study the world's problems together!

Only Japan has called for a regulatory issue at the G20 meeting on digital currency, with no official announcement yet.

Is there any live stream on this disscussion?

can't say these are the worst, but I hoped for more flexibility about cryptocurrency from the G20

Ive already research for the live streaming of this..but nothing to show..maybe its confidential..now im waiting for hearsay lol:)
You can search it too sir and paste the link here so we can all watch the meeting..thank you

Is there any relatable source for this? Or is this just some analysis? Most countries don't recognize bitcoin as a cryptocurrencies but will prepare tax regulation for every bitcoin transactions  ;D ;D Its kind of crazy how government try to reap from every source while won't admitted about something, they rather cover it up with other regulations

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.

Can you give as a link for this for more understanding about the G20 meeting, and yes there will be a good and bad news for this and it will affect the marketing as of now, but maybe it can overcome if there is big good news in this circumstances, but better hodl it maybe there will be a right time for this bad bad news.

We pray that they come so favor about crypto-world right now, hope it will. Sad to say those weak hands also. :)

Thanks for the update. We just hope there will be good news after G20 Summit agreement for bitcoin or cryptocurrency legitimation. So all we can do is just wait for the result and hope for the best for bitcoin and cryptocurrency. Finger crossed.

Some think this is good news, how do I think this is good news?
I see China remains consistent with its rules to ban trade and ICO. is this good? if you look at the effect of Chinese policy a few months ago and still be felt up to now.

Is this fake news or true news? How is it possible that we know this news, if the G20 is not ready?

Isn't there only one central bank in each country? At least in Italy there is.

I am not grasping that new thread topic. Its wording and font suggests as it were a breakthrough update, whereas in fact it only summerizes what is known of those country approach towards cryptocurrency. The news is old and known. We wait for an update after G20 meeting.

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.

Difficult to say. Yesterday there was not meetings but UK central banker made an announcement, which added 1K on top of bitcoin's price alone. However, I am still aware we are in the down trend. Maybe G20 will help to push the price up to 9000-9100 but we may see another correct after that.

So far commitment #European Union with
We need good news that can recover the market recent days, it's good step to bring in new discuss about how this Bitcoin will bring to new era without illegal activities using. The G20 meeting should be able to enlighten the present countries that Crypto currencies have become more popular and banning is not the best solution anymore.

 I dont know why people are warring about government regulation ...... I thaught that the main idea of Crypto was to crack down the actual banking system
We should not be warried about this things if we are in the crypto space no ?

This is a nice update from the G20 team..

We expect more postive news from this market

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 ;D ;D

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.

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.

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

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.

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.

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".

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!

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.

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 >:( >:( >:(

This is what I expected actually. There are no major changes for cryptocurrency world, which is good. Hopefully the market is stable.

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.

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.

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.

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.

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

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.

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.

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