Good news for bitcoin as G20 says no crackdown for cryptocurrencies

[coinocean03]

The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/

[gloriam5]

The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/

Thank you for the good news, today it really is the best!

[walemil]

I sincere want to hope that this is from a reliable source. At least, everybody can now settle down and do his business as the fear, uncertainty and doubt have been cast into the ocean. Let's us begin to see the remarkable impact of this news in the prices.

[acha1217]

I hope after this good news crypto rates will be back normal again that I hope more than highest record.
because if crypto currency rates is good, so that make our financial will be better than about few days ago, when crypto price drop so far.
And I think many people loss their assets since cryptocurrency drop so far, and I hope they can get it again at this time.
All crypto user will get good effect after this, this seem like financial crisis which will be bring effect to all side, and maybe need more good news to make cryptocurrency increase. Hope all the best for cryptocurrency, because cryptocurrency is usefully fo our life to be better if we use it in good way and right way.

[clrpod]

One thing people have missed from this recommendation is that it is not a recommendation of no regulation. It just does not recommend creating new regulation specifically for cryptocurrency. There is a difference and a significant one. It just means traditional regulation will be used for cryptocurrency.

[LeGaulois]

I haven't followed the news closely but from what I get, They didn't really say "no crackdown" but rather starting to figure out they can't really regulate the cryptocurrency industry. Christine Lagarde wants to use the blockchain technology with the hope to regulate.... something using blockchain, Do you see the irony?

[bitorama]

for g20 summit, no news is good news

[squatz1]

G20 has no legislative power, only the governments (Congress and the executive) of each individual control would be able to place regulation, legislation, and so on and so forth about bitcoin. So this isn't a victory, this is what should happen anyway.

G20 just offers recommendations,nothing of what they say is legally binding.

[pawanjain]

Sounds like a good news for the crypto community as there had been no good news from almost 3 lonths, this news could be the medium to trigger BTC price. We have already seen BTC recover around $1000 from yesterday as  BTC is now at $8.5k .

One thing people have missed from this recommendation is that it is not a recommendation of no regulation. It just does not recommend creating new regulation specifically for cryptocurrency. There is a difference and a significant one. It just means traditional regulation will be used for cryptocurrency.

Yeah , there is a difference. It means that there will not be any additional regulations on Crypto which is a good news since additional regulations might have caused more decline in BTC's price.

[Palmerson]

One thing people have missed from this recommendation is that it is not a recommendation of no regulation. It just does not recommend creating new regulation specifically for cryptocurrency. There is a difference and a significant one. It just means traditional regulation will be used for cryptocurrency.

Traditional methods of regulation are not suitable for cryptocurrencies. The Bank always keeps track of currency movements. Cryptocurrencies do not use the banking system for moving and do not adhere to the generally accepted rules for banks. If you are making a payment from a Bank account, you must indicate the purpose of the payment. In crypto it is not. And the amount of moved capital is not limited. Countries that are under sanctions also can not be limited in the movement of cryptocurrencies.

[krishnaverma]

The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/

Nice to hear a  good news related to bitcoins after so much time. It is definitely pushing the prices and I can see price increasing by about 5% today. All other alt coins are also going strong and ripple has grown more than 20% today. I was reading threads here related to crpto here and found a post by a member who suggested Ripple as good invested. I added some Ripple yesterday and now the value is 20% up in single day. Hope this continues.

[carter34]

The news will be good. It helped the market to recover just immediately. G20 outcomes are always instrumental to the world's economy. If no crack down, it is then a good news.

[kotajikikox]

The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/

Hope price goes into better than before and i think this is the starting of bitcoin price increasing in the market place., but i didnt full of trust and confident for the price increase of bitcoin as of now because high expectations are very hurt failure, but i still believe in bitcoin as strong cryptocurrency.

[Juggy777]

The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/

There're two side to this story one we all should get happy and say there're no regulation but wait what about the existing one's. Secondly does G20 really have any sizeable say in the global economy, I don't think so. When was the last time you saw them do something and all nations adapt to it. We should take this news with a pinch of salt, as there's nothing great if one deeply analysis this. Well for the sake of Bitcoins I do hope no more regulation come up.

[daarul50]

So far the influence of this good news has already made bitcoin prices in various areas to be reforested and I am sure the increase will continue because of investors' hesitation over the outcome of the G20 meeting has been answered so that investors have started to enter the market to buy bitcoin. I've been waiting for this good news and I think everyone is happy with this news.

[BrewMaster]

sounds like a good news and thanks to OP for sharing this here but i have to say unlike OP i do not think bitcoin "bulls" are responding to this news as big as OP is describing them to. price is still at the very beginning of $8k and it is not even over $9k yet which would be the sign of some bulls around.

[tora]

Well the crypto market turned green against the $ in most currencies today. Perhaps the recovery has started.

[SeniorRalap]

The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/

Yes, that's good news for bitcoin. But I don't think the news has affected the price of bitcoin. The price of bitcoin has dropped so much that I can't understand the reason for the decline.

[Musstang]

The G20 has announced good news for bitcoin ruling out the possibility of new regulations for cryptos by its regulator. Bitcoin bulls had a positive reaction to this report that saw prices recover tremendously.

Full article: https://cryptonewsmagnet.com/good-news-bitcoin-g20-says-no-crackdown-cryptocurrencies/

Good news! I noticed that today not only bitkoyn began to grow, but also ETH and altcoyins.
As we expected. We hope that there will be a lot of growth now.

[CryptoKu-een]

Awesome thread! I was overwhelmed by the information exchanged from the replies. Very nice for newbies like me.