G20 watchdog focuses on rules review, holds fire on cryptocurrencies

[JPNM8]

FSB - “Initial assessment is that crypto-assets do not pose risks to global financial stability at this time.”

https://uk.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUKKBN1GU0SF

What’s everyone’s views on this?

[kingzues09]

As far as i know they will discuss all the global issue on how they will resolve the financial crisis. Well in my point of view this is a very bullish mark if you are one of the senate or reprentative why are this people are very serious on cryptocurrency? this is a hot topic! So bitcoin will bounce back in coming few weeks.

[JPNM8]

This news seems to have started a little spike...hopefully it continues

[Snarks]

This is the point where we have to count our blessings that they do not fully ban cryptocurrencies (although how would they do that? putting miners in jail?).

Now let's take this opportunity to make cryptocurrencies better before the banks force their private blockchains upon us.

[Bonsaiav]

The strategy builds on plans initiated by japanese representatives received a positive response from all countries attending the G20 meeting. That's all i expected at the meeting. For me, their positive response is very significant for the continuity of cryptocurrency in the future, especially now where almost all cryptocurrency is in a very worrying condition.

FSB - “Initial assessment is that crypto-assets do not pose risks to global financial stability at this time.”

https://uk.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUKKBN1GU0SF

What’s everyone’s views on this?

Of course i'm very happy to hear it, i'm very optimistic this positive initial assessment is able to sustain the growth of cryptocurrency especially bitcoin.

[chutchmcgillicutty]

This is the point where we have to count our blessings that they do not fully ban cryptocurrencies (although how would they do that? putting miners in jail?).

Now let's take this opportunity to make cryptocurrencies better before the banks force their private blockchains upon us.

Exactly. Crypto cant be banned. I couldsee a war on drugs type scenario minus the prison, but not really sure how you could regulate this stuff. Politicians and governments are stupid

[cheezcarls]

I am pretty much delighted with the news so far, and it's one reason why Bitcoin and other altcoins recovered from a downtrend. However, there's still long ways to go. There are rumors that Twitter will be the next social media platform to ban cryptocurrency-related ads according to the Sky News. That's just rumors though.

Cryptocurrencies cannot be stopped, not even the banks and government could stop it. It's really true that they're not a risk to the stability of global finance. I'm very happy with this news, but we should not be complacent because the media is so powerful when it comes to bad news that the entire market will be affected.

[Nilda]

The fact that cryptocurrency is in the agenda of the G20 this year is more than enough to change the minds of my skeptic friends. Wait till they heard about the good news.

[Newboybb]

I also very satisfied, for the news because it means that admit that Cryptocurrency market is legitimate, so to cause the attention of more and more countries, it makes the whole market is in the rising trend again.

[nextel]

the result of the world crypto convention had made up the crypto market rise in a couple of days until that Binance created new FUDs to investors that they were the target of authorities due to some crypto exchange related issues so people then dumped their Bitcoin and other altcoins.
FOMOs and FUDs are the worst reasons why crypto market declined abruptly.

[AlexaSonda]

I have read many times about this and the last news I read from coindesk that they will meet in July to discuss crypto.
Hopefully this is a good start and can make good growth for crypto.
https://www.coindesk.com/g20-calls-crypto-regulation-recommendations-july/amp/

[contactmike1]

Come on, they just discussed crypto on summit and now it is just a bullshit to dump prices due to negative background. Nothing will be changed till next summit, real talk

[Classica35]

I am optimistic about what the outcome of the next meeting will be because i believe they are also beginning to realise the significance of digital currency and how it is likely to contribute to economic growth.
Whatever is not of importance cannot be discussed in big meetings like G20. Cryptocurrency is important and it is good that only review will be done, instead of bringing up new regulations. This will not only benefit the crytospace, it will also bring in more investors, because that will lead to more publicity.

[xGeraValerax]

In Russia, the use of crypto-active assets for settlements and in the official financial system is prohibited. This limits the risks of financial stability, and at the moment there are no such risks

[kryptogunner]

any idea when is the next meeting planned? need good news from everywhere to infuse a life to this dull market.