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Tosin12
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March 24, 2018, 02:02:04 PM
 #1


*#CRYPTOCURRENCY #G20 #RESULTS 

First conclusions of the G20 meeting for the purposes of the Cryptocurrency scenario, in case you are interested in:

Argentina = Neutral

Australia = Legal

Brazil = Legal

Canada = Legal

China = Temporarily prohibited (illegal)

France = Legal

Germany = Legal

India = Neutral

Indonesia = Neutral

Italy = Legal

Japan = Legal

Mexico = Restricted

Russia = Restricted (previously illegal until the recent unlocking of 40 encryption sites)

Saudi Arabia = Restricted

South Africa = Legal

South Korea = Restricted (Regulatory action previously legal but pending)

Turkey = Legal

UK = Legal

US = Legal

Countries invited for the 2018 G20 meeting

Chile = Legal

Jamaica = Neutral

The Netherlands = Legal

Rwanda = Neutral

Senegal = Neutral

Singapore = Legal

Spain = Legal

15 legal, 7 neutral, 4 Restricted,  1 illegal
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March 24, 2018, 02:13:32 PM
 #2

It seems to me that the change in the status of bitcoin is not legal in China could compensate for the status of all other countries. But this is a fantasy. It seems to me that the results of the G20 summit can not be commented. Everything remains as it is. For me it is good. I don't expect anything good from legalization.

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March 24, 2018, 02:27:31 PM
 #3

So you just copied the list from Wikipedia and added some personal opinions, right?
Can you please let me know if is this called G20 and you have only 19 members there?
Also you counted 7 neutral votes , but your list only shows 6.

And since we're on topic, Brazil has clearly said that is doesn't want to regulate bitcoins and the signals are not at all positive.

It seems to me that the results of the G20 summit can not be commented. Everything remains as it is. For me it is good. I don't expect anything good from legalization.

They've already moved the deadline to July..
https://www.reuters.com/article/us-g20-argentina-bitcoin/g20-agrees-to-monitor-cryptocurrencies-but-no-action-yet-idUSKBN1GW2R9

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March 24, 2018, 02:30:49 PM
 #4

I just noticed that the banning of cryptocurrency is mostly happened in Asia specially, China and SoKor. And European countries proclaimed that bitcoin is legal as well as USA and other countries in America. Crypto enthusiasts affect much by the g20 summit and I think whatever result will happens, there is always a positive in crypto.

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March 24, 2018, 03:30:48 PM
 #5

The decision from China is surprising, but as for the rest these are very good news. Does "legal" means that you won't be sentenced for using cryptocurrencies, or that the governments will work on integrating cryptos into their economic system?

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March 24, 2018, 03:31:53 PM
 #6

I just noticed that the banning of cryptocurrency is mostly happened in Asia specially, China and SoKor. And European countries proclaimed that bitcoin is legal as well as USA and other countries in America. Crypto enthusiasts affect much by the g20 summit and I think whatever result will happens, there is always a positive in crypto.

This has to do with the politicians here not being much aware of technological fields. If they just show more interest, their opinion might change.
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March 24, 2018, 03:45:27 PM
 #7

from the result of G20 decision above I hope, Bitcoin price can go up. But why China, forbids Bitcoin. while China is very influential on other countries, and I am happy that my country is neutral, although it is not legal but it is better than China that forbids Bitcoin in its country.
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March 24, 2018, 03:54:39 PM
 #8

It seems to me that the change in the status of bitcoin is not legal in China could compensate for the status of all other countries. But this is a fantasy. It seems to me that the results of the G20 summit can not be commented. Everything remains as it is. For me it is good. I don't expect anything good from legalization.
the influence of chinese is very big in kripto .. i was shocked when the news from china greatly affect bitcoin. and it can be concluded that the largest user of crypto is in china. but I think the ban in China will not be long again in the legend

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March 24, 2018, 04:12:07 PM
 #9

I hope this can have a big effect where the positive presentation is equally negative compared to the far away, I just do not believe in Chinese statements to be temporarily banned in the use of cryptocurrency, I hope no effect to other countries and the ban from china really for a while, where most bitcoin users in china, it makes a disappointment for some china people themselves.

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March 24, 2018, 04:41:11 PM
 #10

with these results it would be good for the crypto world in my opinion, since many countries that legalize crypto means they can accept technological advances in the field of blockchain and others, and for countries that restrict cryptocurrency I think they are just taking precautions for economic change which is significant in their country, but as I said with this result it means many countries are aware of a bright future in the world of crypto.

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March 24, 2018, 04:58:58 PM
 #11

They roughly represent around 10 percent of the total countries. This might not yet give a great impact. But nonetheless it's very positive. I think there are still more countries that bitcoin is legal but is not in G20.

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March 24, 2018, 05:19:17 PM
 #12

By this report,out of 20 countries.Bitcoin is legal in 15 countries.This is the reason for increase in investors day to day.
The people from ban country also invested their money in bitcoin by the hope in bitcoin and crypto currency.
Crypto currency is start to ban in mostly from Asian countries.At first China and then South Korea.
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March 24, 2018, 05:25:58 PM
 #13

They roughly represent around 10 percent of the total countries. This might not yet give a great impact. But nonetheless it's very positive. I think there are still more countries that bitcoin is legal but is not in G20.
Really the G8 and G20 meetings always have global effects in everything in the world and I do believe that the decision that they made concerning Bitcoins had already have a great impact and it affected the price of Bitcoins positively.



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Rainbot
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March 24, 2018, 10:38:33 PM
 #14

They roughly represent around 10 percent of the total countries. This might not yet give a great impact. But nonetheless it's very positive. I think there are still more countries that bitcoin is legal but is not in G20.
Those are not as many countries but the size of the economy of those countries represent most of the world economy so those countries are very influential and whatever decision they take as a group is going to influence the rest of the countries that are not part of the G20 and even if that was not the case if all the countries in the G20 forbid bitcoin we will be in real trouble, that is why we need to keep following their decisions just in case they change their mind.
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March 24, 2018, 10:57:38 PM
 #15

A very positive meeting, with the many sounds that legalize bitcoin is certain this will have a positive impact on cryptocurrency. Maybe in the future there will be many countries that give their voice legal to make bitcoin future better.

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March 24, 2018, 11:00:15 PM
 #16

It seems to me that the change in the status of bitcoin is not legal in China could compensate for the status of all other countries. But this is a fantasy. It seems to me that the results of the G20 summit can not be commented. Everything remains as it is. For me it is good. I don't expect anything good from legalization.
Well, China is not legislating against crypto as far as we know. The "temporarily restriction" is until their government can figure how to regulate crypto but really all it does is to act as a blanket ban. It's not having much of an effect on existing use cases, perhaps only limiting the establishment of new businesses until more beneficial legislation can come out.
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March 24, 2018, 11:14:57 PM
 #17

Finally, the information I was looking for appeared also in front of me.

China = Temporarily prohibited (illegal)

This is the one that makes the slow growth of bitcoin because he only supports their single coin "NEO".

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March 24, 2018, 11:29:09 PM
 #18

So you just copied the list from Wikipedia and added some personal opinions, right?
Can you please let me know if is this called G20 and you have only 19 members there?
Also you counted 7 neutral votes , but your list only shows 6.

And since we're on topic, Brazil has clearly said that is doesn't want to regulate bitcoins and the signals are not at all positive.

It seems to me that the results of the G20 summit can not be commented. Everything remains as it is. For me it is good. I don't expect anything good from legalization.

They've already moved the deadline to July..
https://www.reuters.com/article/us-g20-argentina-bitcoin/g20-agrees-to-monitor-cryptocurrencies-but-no-action-yet-idUSKBN1GW2R9
So since they have moved the deadline to July,there seems no immediate threat for cryptos.But with the changing attitude of countries about cryptos day by day,we could expect more improvements and positive declarations about cryptos in the upcoming summit.


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March 24, 2018, 11:56:47 PM
 #19

South Korea and China are just like a pair of cartoon characters (tom and jerry) both of which are often competitive both in trade nor technology but both works together if their child NEO is harassed.

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March 24, 2018, 11:57:11 PM
 #20

You are right and that it has been proven in a few days after the G20 finance meeting bitcoin has increased in value although not as much as expected.

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