G20 exploring cryptocurrency regulation

[suzanne5223]

https://bitcointalk.org/index.php?topic=5439467.0

Of course this is one of the best and good decision by countries to regulate and adopt crypto for good. And I have heard that this inaugurated by INDIA.
I think that this step will Be very beneficial for the Next Bull run if that bull run may happen in 2024 to 2025 cycle because at that time it could be Revolution in Bitcoin history. And it would be much bigger than the Binance revolution that happened in 2021.

From your own understanding, cryptocurrency regulation is the best beneficial concept for the goodness of the crypto market?
Could explain how it will be beneficial to the crypto enthusiasts, not the government?
Honestly, we need to understand the true intentions of the government and don't be naive to their silly political strategy which they are using to scam and surveil us at the same time.

[ololajulo]

Link to news
https://www.reuters.com/world/india/g20-exploring-cryptocurrency-regulation-indias-finance-minister-says-2023-02-11/

So, they are looking to make some collective decision with other countries for regulation related to crypto. It is a welcome step in my opinion as it will open the doors of crypto to people i countries where government is not much in favor of crypto at present. In current time of globalization, it is not possible for one country to effectively implement these regulations and thus this decision for collective effort might work better according to me.

I don’t think that the G20 countries will make any decision that will oblige states to legalize cryptocurrency. They will adopt general recommendations for those countries that have already legalized it in order to develop a certain common approach to its regulation. At the same time, the G20 countries will always proceed from an assessment of the threat from the cryptocurrency to security for global financial stability. But for citizens of some countries whose governments are hesitant to legalize cryptocurrencies, there may be some benefit.

Among the reasons why the G20 is unlikely to impose such an obligation is that the legal framework for cryptocurrency varies widely from country to country. There are some countries that have already legalized and regulated cryptocurrency, and there are others that have banned it altogether. Considering these divergent legal approaches, imposing a uniform policy on all countries would be difficult