NO REGULATION FOR CRYPTOCURRENCY. INSIDE

[ToTheMoon_XOM9IK]

G20-FSB rejects calls for cryptocurrency regulation

(Translated from French)

The Financial Stability Board (FSB), which coordinates financial regulation for the G20 countries, on Sunday rejected calls by several countries for cryptocurrency regulation, such as Bitcoin.

The FSB, however, stressed the need for greater international coordination in monitoring these rapidly evolving technologies, which still represent a tiny sector equivalent to less than 1% of global gross domestic product.

"The first assessment of the FSB is that currently, these crypto-assets do not pose a risk to global financial stability," said Mark Carney, president of the FSB, in a letter to finance ministers and governors of central banks, which will meet in Buenos Aires on Monday and Tuesday.

Source: https://goo.gl/3eo7Yk

[felixesteban]

This is a bit relieving news. Crypto world is suffering a lot in these days. For this reason we need positive news more than ever

[Dingdong7]

There were no regulations made for crypto but a government might decide to do so, specially when they see it as a threat and somehat like untrusted. Regulations are made to simply have the government the authority to apply taxes and some benefits for them. I always see regulations as not something negative, but a step to make crypto be accepted by many.

[gentlemand]

This is a bit relieving news. Crypto world is suffering a lot in these days. For this reason we need positive news more than ever

Regulation doesn't have to equate to instant doom. And realistically the only regulation that's possible is on fiat to crypto exchanges. Outside of that attempting to control anything is hopeless. That exchange regulation is already in place via the fiat route but they may as well clarify things at least.

[makoto_takemiya]

G20-FSB rejects calls for cryptocurrency regulation

(Translated from French)

The Financial Stability Board (FSB), which coordinates financial regulation for the G20 countries, on Sunday rejected calls by several countries for cryptocurrency regulation, such as Bitcoin.

The FSB, however, stressed the need for greater international coordination in monitoring these rapidly evolving technologies, which still represent a tiny sector equivalent to less than 1% of global gross domestic product.

"The first assessment of the FSB is that currently, these crypto-assets do not pose a risk to global financial stability," said Mark Carney, president of the FSB, in a letter to finance ministers and governors of central banks, which will meet in Buenos Aires on Monday and Tuesday.

Source: https://[Suspicious link removed]/3eo7Yk

Time warp? I thought G20 starts today.

[makoto_takemiya]

Hmm, it seems real: https://www.reuters.com/article/us-g20-regulations-carney/g20-watchdog-focuses-on-rules-review-holds-fire-on-cryptocurrencies-idUSKBN1GU0SF
 

[tosindesign]

I know very well that it will be difficult to regulate crptocurrency because is a decentralized platform. They push price down to that they the big guys can buy the dip when there is panick

[SaiWAFU]

G20-FSB rejects calls for cryptocurrency regulation

(Translated from French)

The Financial Stability Board (FSB), which coordinates financial regulation for the G20 countries, on Sunday rejected calls by several countries for cryptocurrency regulation, such as Bitcoin.

The FSB, however, stressed the need for greater international coordination in monitoring these rapidly evolving technologies, which still represent a tiny sector equivalent to less than 1% of global gross domestic product.

"The first assessment of the FSB is that currently, these crypto-assets do not pose a risk to global financial stability," said Mark Carney, president of the FSB, in a letter to finance ministers and governors of central banks, which will meet in Buenos Aires on Monday and Tuesday.

Source: https://goo.gl/3eo7Yk

why are so many people afraid of regulating bitcoin? It doesn't only protect the people but bitcoin aswell.
You shouldn't be eluding taxation because it's your responsibility as a citizen. If this remains unregulated it will not be too long till someone use it and destroy the image of bitcoin.

[coin-investor]

G20-FSB rejects calls for cryptocurrency regulation

(Translated from French)

The Financial Stability Board (FSB), which coordinates financial regulation for the G20 countries, on Sunday rejected calls by several countries for cryptocurrency regulation, such as Bitcoin.

The FSB, however, stressed the need for greater international coordination in monitoring these rapidly evolving technologies, which still represent a tiny sector equivalent to less than 1% of global gross domestic product.

"The first assessment of the FSB is that currently, these crypto-assets do not pose a risk to global financial stability," said Mark Carney, president of the FSB, in a letter to finance ministers and governors of central banks, which will meet in Buenos Aires on Monday and Tuesday.

Source: https://goo.gl/3eo7Yk

why are so many people afraid of regulating bitcoin? It doesn't only protect the people but bitcoin aswell.
You shouldn't be eluding taxation because it's your responsibility as a citizen. If this remains unregulated it will not be too long till someone use it and destroy the image of bitcoin.

No, when they start regulating bitcoin it will pay in the category of Paypal and some other online processor, Bitcoin was not created that way it is meant to be a no third party protocol, they can regulate the exchange but not the transactions.

[Kaznachej123]

FSB Chair: crypto-assets do not pose risks to global financial stability at this time. But market is evolving rapidly & further international coordination is warranted. FSB will identify metrics for enhanced monitoring & update G20 as appropriate!  https://twitter.com/FinStbBoard/status/975419603445800960 
More information read on Official Website:  http://www.fsb.org/2018/03/chair-sets-out-fsb-priorities-for-the-argentine-g20-presidency 

                       

[franky1]

why are so many people afraid of regulating bitcoin? It doesn't only protect the people but bitcoin aswell.

dont be foolish
regulations do not protect people

regulations and consumer protections are two separate things altogether.
if anything. wipe the word regulation from your mind. never speak of that word ever.
and instead feel fre to use the term consumer protections
repeat the word consumer protections, consumer protections consumer protections

if you can truly understand the differences. and can realise where the battle lines lay.. then and only then can you go forth and lobby and promote consumer protections.
but do not elude to or try to suggest that regulations are consumer protections.

[boybitcoin]

It is good news for all of us.. if They seen not, any treat upon global financial stability, then it means the bitcoin can be legalized in any other countries. And it will start again to moved high.. we dont have to worry too much as like others do..

[Rooster101]

The price of the bitcoin goes up in respond to the positive feedback coming from the ongoing G20 summit for cryptocurrencies that there will be no regulation for the virtual currencies. But some member countries like Japan might insist on discussing the need of combined regulation to combat the use of cryptocurrencies in money laundering and other illegal activities. Report also says that the general feeling among the members of G20 is that applying the stringent regulation won't also be good. I believe that the aim this current G20 summit for cryptocurrencies is to create a unified regulation to address the problems of illicit activities using the virtual currencies