UPDATE! G20 CURRENT REGULATORY STATUS

[Mpamaegbu]

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.

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[PipiPoo]

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.

[AVAMONEY]

So far commitment #European Union with

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

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.

[mikejack]

 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 ?

[Mercedes1107]

This is a nice update from the G20 team..

We expect more postive news from this market

[mikejack]

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

[RamonBTC]

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.

[Vinz2017]

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.

[babarian]

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

[justine11]

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.

[gamechangers]

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.

[xTz]

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.

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".

[bug.lady]

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.

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!

[Johnyz]

#Italy
- Some central banks consider issuing cryptocurrencies

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

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.

[vonnyaries]

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

[gjtnwls1]

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

[Nerman]

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.

[penig]

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.

[nelson4lov]

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.

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.

[LodisMcguire]

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.