G20Meeting: "Crypto-assets do not pose risks to global financial stability"

[BeruchN]

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

Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD.

"For now, crypto-assets don’t pose risks to financial stability, partly because they are still small relative to the financial system. Even at their recent peak, their combined global market value was less than 1 percent of global economic output, the FSB said.
"

Thoughts?

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[tokeweed]

^  I'd say that's good news imo, considering all the FUD about regulations and crackdowns coming out recently.  At least every project is given some breathing room and should take advantage of it to get their legal sh*t together...

[HardFireMiner]

Good news indeed! I didn't know we broke the 1% value of global economic output, actually that's amazing!

Next bull trend will take how much? 10%? Maybe the whole 25%?!

[ICO Lancer]

Finally some good news for once. Definitely a bull trend!

[kevoh]

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

Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD.

"For now, crypto-assets don’t pose risks to financial stability, partly because they are still small relative to the financial system. Even at their recent peak, their combined global market value was less than 1 percent of global economic output, the FSB said.
"

Thoughts?

I have read the G20 article thrice now including the French version, I am yet to see anything related to FUD.  FUD will not make Bitcoin price respond to the news article by going up a $1000 immediately it was published.

[xireKT]

^  I'd say that's good news imo, considering all the FUD about regulations and crackdowns coming out recently.  At least every project is given some breathing room and should take advantage of it to get their legal sh*t together...

Yeah I think this is great news. Finally good to see the market responding to good news!

[Crypto_lion]

Glad that this news came out  . I wouldn't say this was the sole reason for the dip but was part of reason.i hope that people start believing in crypto and the market recovers after the good news

[makishart]

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

Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD.

"For now, crypto-assets don’t pose risks to financial stability, partly because they are still small relative to the financial system. Even at their recent peak, their combined global market value was less than 1 percent of global economic output, the FSB said.
"

Thoughts?

I have read the G20 article thrice now including the French version, I am yet to see anything related to FUD.  FUD will not make Bitcoin price respond to the news article by going up a $1000 immediately it was published.

You are only reading the latest news from G20 but if you are watching the whole discussions in various communities and there is a lot of people are speaking and talking about the rumour of G20 will be banning crypto, and that was total bullshit.


This article was to counter all of the lousy rumour and news to spread FUD to all of the crypto users.

Please read all of the news carefully. And you will get a lot of FUD from there.

[sparg]

I can't imagine why people are happy that there will be no regulation.
Why do you want to invest in an environment where your money can get stollen and you cant do nothing about it. With regulations will come and some protection for investors and maybe scam ICO will disappear.
I sure hope that my country will do something about this so that I can pay my taxes and benefit from my profit without having to "look over the shoulder".

[Aminmon]

It seems that this is not a FUD, this is a real message.
Since the size of the cryptocurrency market is still small, it is not a real threat at the moment, so the G20 meeting did not discuss the bad news about the cryptocurrency market too much.

[cpoer2011]

That's a very good news but we should wait till the G20 summit ended and decide what they will do with crypto assets. I will wait for what happen next from G20 summit, I hope it's good news for crypto assets world.

[babygun]

The first good news in weeks for crypto! Hopefully more good news will follow so that the prices can start going up again.

[Mpamaegbu]

Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD.

More like FOMO, not FUD if a certain news makes price rise. But the news is genuine and coins are responding positively to it already since morning today. There is a thread here that outlined the perceptions of the attending countries for the ongoing G20 summit here: https://bitcointalk.org/index.php?topic=3158454.msg32665435#msg32665435

Edited for clarification purpose
FOMO means Fear Of Missing Out. As the term suggests, a coin rises sharply in value and investors take steps rushing in to buy so as not to miss the boat.

FUD means Fear, Uncertainty and Doubt. This is usually a negative fear of holding onto a losing coin. So, investors quickly sell off either in gain or loss.

[VenturaBro]

It seems that this is not a FUD, this is a real message.
Since the size of the cryptocurrency market is still small, it is not a real threat at the moment, so the G20 meeting did not discuss the bad news about the cryptocurrency market too much.

But on the other hand, aren't they somewhat underestimating crypto?

If it's not a threat now, it'll definitely be in the near future I think

[dulari1]

Good news indeed! I didn't know we broke the 1% value of global economic output, actually that's amazing!

Next bull trend will take how much? 10%? Maybe the whole 25%?!

yeah , it shows that if crypto adopted globally on large basis .
then we have too much potential for all coins to grow ..

we are just 1% of global output .

[Tapyaks72]

That's a very good news but we should wait till the G20 summit ended and decide what they will do with crypto assets. I will wait for what happen next from G20 summit, I hope it's good news for crypto assets world.

That is  a positive development that they would not emposed regulations to ICO’s and bitcoin users because it has only small impact  to the world economy the good thing is it has the roam for improvement.

[manlyxman]

Do you think the market is responding to this? ETH and BTC both went up recently, even though the article reads more like FUD.

More like FOMO, not FUD if a certain news makes price rise. But the news is genuine and coins are responding positively to it already since morning today. There is a thread here that outlined the perceptions of the attending countries for the ongoing G20 summit here: https://bitcointalk.org/index.php?topic=3158454.msg32665435#msg32665435

Good point, this is definitely great news for crypto and will probably cause bull trends.

[haidangtp]

I think good news will boost the exchange market. After this meeting the market will be green.

[ndico]

Yeah for sure. it is affecting market a little bit and it is turn it green, it is a good news to cryptos and I wish more of the news to come to cryptos, it will make the market to boom and bullish.

[Nagricoin]

Waiting for the green zone)