UPDATE! G20 CURRENT REGULATORY STATUS

[mikejack]

A P
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

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[tosindesign]

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

[buwaytress]

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).

[mikejack]

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

[Tavarez]

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.

[niisarearning]

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:"

[Roidz92]

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".

[mikejack]

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!

[diva.man]

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.

[IllumTSC]

Is there any live stream on this disscussion?

[bitfocus]

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

[mikejack]

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

[metenjean]

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   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

[camito]

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.

[YuiAckerman]

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.

[cpoer2011]

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.

[inooll00]

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.

[Weenie19941]

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

[dado7]

#Italy
- Some central banks consider issuing cryptocurrencies

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

[bug.lady]

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.