Have you heard this news of G-20 for Crypto currencies?

[nightmanisrightman]

Yes,i also heard that news,  a good news to everyone who deals with cryptocurrency,obviously it really influences on crypto market in a positive way as we observed the recent increase in the price of bitcoin,but dont expect too much,let us see  what would be the result this coming july and hoping for the best so that all of us can benefits of it.

In July they will for sure have come up with some regulation or a guideline at least so they can regulate it soon thereafter. The only question remains will that regulation be bullish or bearish, I think it can have a significant impact on the price of Bitcoin moving forward.

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[aoihs00]

Hi all,

There is a news from G-20 talks for cryptocurencies, they call it crypto asset. I think it should be good news for crypto space as it started to be acknowledged by government then people will be encouraged to invest. Here is the link : https://icovoting.com/news/official-g20-calls-for-cryptocurrency-regulation-recommendations-by-july-2018. How do you think from that news? Is it valid?

You living under the rock? Haven't you noticed that we have touch $9K because of the positive news that comes from that meeting?

So obviously, majority of us have heard that the G20 meeting has somewhat in favor of cryptocurrency that's why the prices suddenly pick up in the last 48 hours. And Yes its valid that's why I think investors started to pour their money again. But don't celebrate yet because we are still not out of the woods and needed more patience. Just be ready with your funds and purchase bitcoin because it might go for another bullrun next month.

True, celebrating so soon would be bad and we dont know when they will turn everything into FUD news, Lolz. Thats the worst experience hat we can have in the crypto world. However, Japan seems to be very positive country when it comes to the crypto currency. They have already known the potential of the bitcoin and other currencies that is why they are very very forward about it. May be this is our chance to bring the crypto currency in front of the world and accept it as legal tender for our future use. Yes, current up surge was all about the summit news and more good news to follow soon once they finalise the results.

[Stedsm]

It doesn't end with the G20 summit though, that's for sure. Outside the said summit, for sure governments are trying to come up with a solution of their own to combat money laundering and bitcoin being used in illegal trades while keeping the regulations neat as possible (though some have plans to just outright ban the crypto, boo) seeing that there isn't a huge negative effect on a country's economy if they're going to regulate and acknowledge the use of crypto.

By acknowledgement, do you mean to say that they will make users more aware of the crypto world by making it mainstream and that there might be no centralization? I believe that once these Governments start undertaking the process of ^acknowledging^ everyone about crypto, they'll begin their complete involvement into everything related to the crypto space, and then there will be like no privacy left due to people being bound to make their income disclosures from crypto - that's actually good. But, if all this comes into action, don't you think that they'll have full control and that, we'll be under the fear of getting crypto ended any day due to them having all the powers in their hands?

4 Impose taxes - they will surely make some slabs for this special category they call as crypto asset, so not to lose their piece of the cake.

if a country starts to consider taxing crypto assets, this would be the start of regulating and legalizing it since the government now benefits from any trades/purchases made with the said assets. It's also a step towards public acknowledgment as well, seeing that their government are doing something with these cryptographic innovations that can act as money.

I believe they should announce a subject over cryptocurrencies to make even the smallest students understand about Bitcoins and the crypto economics during their growing ages, so not to take any wrong decisions or abuse the power that's been given in their hands. Taxes is something which is one of the major reasons why they're worried, but if we honestly show everything in our statements and show our loyalty by paying correct taxes, they shouldn't have a problem considering crypto assets to be legal as well.

[Thetaomega]

Just means they want to tax it, their mad their not getting their share... Lol

[serjent05]

Yes,i also heard that news,  a good news to everyone who deals with cryptocurrency,obviously it really influences on crypto market in a positive way as we observed the recent increase in the price of bitcoin,but dont expect too much,let us see  what would be the result this coming july and hoping for the best so that all of us can benefits of it.

In July they will for sure have come up with some regulation or a guideline at least so they can regulate it soon thereafter. The only question remains will that regulation be bullish or bearish, I think it can have a significant impact on the price of Bitcoin moving forward.

I agree, any news or publicity regardless it is for good or bad is still a publicity.  This will definitely affect Bitcoin prices and if this called regulation is good and will connect huge institution to trust Bitcoin market then, it will definitely push Bitcoin to bullish state.  But as of now, the only thing Bitcoin holder in mind when terms regulation is used is negative but I hope they will change this belief soon because in order for something to be fully recognized and adopted is to be regulated by the governmnet.

[Thetaomega]

I think its wrong, it goes in opposite then what its supposed to be, something decentralized shouldnt be government mandated should it? The government of any country did not create bitcoin or etherium. Still as a legitimate user of ethereum myself i do see the legit points made to this thread. I just wish gov would keep their hands off. My personal opinion.

[KalaiBTC]

Hi all,

There is a news from G-20 talks for cryptocurencies, they call it crypto asset. I think it should be good news for crypto space as it started to be acknowledged by government then people will be encouraged to invest. Here is the link : https://icovoting.com/news/official-g20-calls-for-cryptocurrency-regulation-recommendations-by-july-2018. How do you think from that news? Is it valid?

I don’t really know, but I believe it’s making some impact cause the price is close $9k, just around $8,700 as of recent, when I checked. If that’s so, then I believe every soon the price will start running up and might cross the last highest rate of $19k in 2017. Even before this meeting, I’ve been hearing that Bitcoin will go up around May or anytime middle of the year. But let’s keep waiting.

[shuijun]

The supervision brings only short-term market decline, but in the long term it is good for the development of the industry.

[Borisb52]

Hi all,

There is a news from G-20 talks for cryptocurencies, they call it crypto asset. I think it should be good news for crypto space as it started to be acknowledged by government then people will be encouraged to invest. Here is the link : https://icovoting.com/news/official-g20-calls-for-cryptocurrency-regulation-recommendations-by-july-2018. How do you think from that news? Is it valid?

The summit was another reason to manipulate the market. As a result, it turned out that they do not see the threat from the crypto community. And yet they are not going to regulate anything. Let's see what will happen next.

[cheezcarls]

I was delighted with the news because they do not recognize cryptocurrencies as a threat to the global financial system. As they've rejected the proposals from various countries regarding cryptocurrency regulation, it opens the door for the bulls to make their own run and even got past $9k. However, it was just a short bull run because there are fears regarding Hongkong-based Binance halting their operations in Japan by force or else they may face consequences. That one alone creates FUD along with the Mt. Gox issue.

[v0rtecxz]

this is good news because it has a positive impact on the development of bitcoin in the future, because the news bitcoin slightly increased compared to last week that before this news bitcoin prices continue to decline, I hope the negative impression of bitcoin will be lessened by its recognition and understanding of bitcoin, because we know how people judge a point of view against bitcoin is always negative

[hieuho381]

I read the news and kudos to the G20 as this will make it another opportunity for more investors to invest on cryptocurrencies. Hurry to buy your crypto now or cry to buy it later the year. For those who can hold on, this is the time to hold on your crypto to maximize profit..........

No, I do not think so. The news that the G20 has announced is not related to the development of the altcoins. As far as I know, the information they give is normal. This means that it does not affect bitcoin and that some developing countries block it. So there is no reason why we can trust the future of the altcoins.

[Rustamm]

Yes, representatives of the G-20 countries supposedly came to the conclusion that the crypto-currency can be recognized as a financial asset, however, in order to consider it in more detail, by July it needs to be thoroughly studied and prepared for discussion. This, of course, is already good news for the crypto-currency world in the sense that at this summit there were no calls to prohibit the crypto currency or to regulate it rigidly.

[Beerwizzard]

Yes,i also heard that news,  a good news to everyone who deals with cryptocurrency,obviously it really influences on crypto market in a positive way as we observed the recent increase in the price of bitcoin,but dont expect too much,let us see  what would be the result this coming july and hoping for the best so that all of us can benefits of it.

In July they will for sure have come up with some regulation or a guideline at least so they can regulate it soon thereafter. The only question remains will that regulation be bullish or bearish, I think it can have a significant impact on the price of Bitcoin moving forward.

I agree, any news or publicity regardless it is for good or bad is still a publicity.  This will definitely affect Bitcoin prices and if this called regulation is good and will connect huge institution to trust Bitcoin market then, it will definitely push Bitcoin to bullish state.  But as of now, the only thing Bitcoin holder in mind when terms regulation is used is negative but I hope they will change this belief soon because in order for something to be fully recognized and adopted is to be regulated by the governmnet.

From what I've seen foe the last time the governmental regulations are mostly spreading FUD then push the bullish market. There are a lot of crypto related companies and services that already work for a pretty long period of time. They are officialy registered and pay taxes in their countries. If governmenal regulations will only establish the clear rules of how it should work (that is concidered as a positive regulations) then all those companies will continue their work, nothing will boost cryptos. But if gov bans some crypto related stuff it always start the insane waves of FUD.
IMHO G20 should do some other  things instead of regulating cryptos but I still believe that in most civilized countries it shouldn't be banned.

[guoyu78]

Yes, representatives of the G-20 countries supposedly came to the conclusion that the crypto-currency can be recognized as a financial asset, however, in order to consider it in more detail, by July it needs to be thoroughly studied and prepared for discussion. This, of course, is already good news for the crypto-currency world in the sense that at this summit there were no calls to prohibit the crypto currency or to regulate it rigidly.

After a lot of discussion and talking on the topic of the crypto currencies by the G-20, they have finally came up with a very good decision and that they have announced this thing to start the regulation of the bitcoin and other crypto coins in all these countries as they have realized the worth of these coin and that this will overall effect the market of the crypto currencies in much better way.

[BarbusseH]

The main good news is that there is no bad news. If they decided to ban, then the situation would become much worse.