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Author Topic: [Good news] U.S. central bank isn’t going to regulate Bitcoin & other crypto.  (Read 108 times)
Coolcryptovator
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July 19, 2018, 03:30:24 AM
 #1

During long time we have seen a rumor that Bitcoin will be regulated by U.S central bank. But it's long time has gone. And Bitcoin was also stay long time on bearish. Finally Federal Reserve Chairman Jerome Powell made it clear that, they aren't looking for regulate cryptocurrency. I believe this is the one of great point for become bulls on crypto market. So almost we can expect that very soon we can see bulls run. On the other hand may we will see some more possitive news about Bitcoin.


News source : https://www.bloomberg.com/news/articles/2018-07-18/powell-says-cryptocurrencies-aren-t-big-enough-to-pose-a-threat

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July 19, 2018, 04:06:40 AM
 #2

I love this news!

"Cryptocurrencies aren't big enough to pose a threat" is exactly the conclusion we want to hear from the World's largest regulatory agencies. In fact, the silver lining from the slump we've been enduring all year may be the perception that cryptocurrencies aren't a threat to any existing monetary system.

A complimentary commentary from the Fed is this article that states the Fed welcomes "anonymous cryptocurrencies" and in a framework they place Bitcoin at the same level as "money", commodities, and other core elements of the monetary system.  https://www.ccn.com/us-federal-reserve-bitcoin-study/

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July 19, 2018, 04:09:30 AM
 #3

During long time we have seen a rumor that Bitcoin will be regulated by U.S central bank. But it's long time has gone. And Bitcoin was also stay long time on bearish. Finally Federal Reserve Chairman Jerome Powell made it clear that, they aren't looking for regulate cryptocurrency. I believe this is the one of great point for become bulls on crypto market. So almost we can expect that very soon we can see bulls run. On the other hand may we will see some more possitive news about Bitcoin.


News source : https://www.bloomberg.com/news/articles/2018-07-18/powell-says-cryptocurrencies-aren-t-big-enough-to-pose-a-threat

This news is quiet awesome. But I hope the government will not take back for what it said and hoping that this is not just to make the price of Bitcoin go up temporarily.
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July 19, 2018, 04:19:18 AM
 #4

But I hope the government will not take back for what it said and hoping that this is not just to make the price of Bitcoin go up temporarily.

Governments always reserve the right to take back what was originally said...that's why governments are good, laws or decisions can change when they are no longer in the interest of the public.

And if Bitcoin or other cryptocurrencies begin to take off like they did at the end of 2017, surpassing the $20,000 you can be certain that every government will give it another look. But part of their assessment is not the price per coin but how much activity or turnover is happening. If they see more transaction action within cryptocurrencies rather than domestic currency they'll want a piece of the action, which means taxes.

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July 19, 2018, 04:25:28 AM
 #5

More proof the government is behind the crypto world.  I think we will see huge things moving forward.  The next bubble getting blown.  Get in now and load up and wait to get paid!!!  We may be early (way early)
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July 19, 2018, 04:27:00 AM
 #6

I hope there's more news like this to help break the market. it's time to go on the moon .. but the volume will stay that way if the investors or traders still do not increase in number .. it means this is the second difficulty for cryptocurrency, I think everyone would approach and introduction to introduce bitcoin and invest in it

       
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July 19, 2018, 04:36:14 AM
 #7

More proof the government is behind the crypto world. 

This statement is probably a bit naive. Their announcement that it's "too small to be a priority" and their "support" are two very different things, although it's possible that they're involved, holders, to benefit from any possible growth. National banks just like Wall Street like to place bets!


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July 19, 2018, 04:41:34 AM
 #8

Great news coming from one of the biggest and most influential bank in the world.

But I hope the government will not take back for what it said and hoping that this is not just to make the price of Bitcoin go up temporarily.

Governments always reserve the right to take back what was originally said...that's why governments are good, laws or decisions can change when they are no longer in the interest of the public.
I hope that they won't take their words back when the market capitalization will skyrocket to an unexpected growth that they never see it coming.

More proof the government is behind the crypto world.
Interesting, they are centralized and created a decentralized market?

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July 19, 2018, 04:49:32 AM
 #9

Each state has its own management system. If the US Central Bank states that it will not regulate crypto currency, it does not mean that the US crypto currency will not be regulated. In this state there are a lot of other regulatory bodies such as the SEC and therefore there will be no crypto currency without regulation in this state.

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July 19, 2018, 04:57:57 AM
 #10

More proof the government is behind the crypto world.
Interesting, they are centralized and created a decentralized market?

No. How are you drawing that conclusion?

feelingfroggy doesn't say anything about a government creating any crypto market. We're talking about the US Federal Reserve, they didn't even say they were "behind" the crypto world, let alone that they created any crypto market.



Each state has its own management system. If the US Central Bank states that it will not regulate crypto currency, it does not mean that the US crypto currency will not be regulated. In this state there are a lot of other regulatory bodies such as the SEC and therefore there will be no crypto currency without regulation in this state.

This is a great point and a reminder for us to not get too excited about any of this news!

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July 19, 2018, 04:59:40 AM
 #11

During long time we have seen a rumor that Bitcoin will be regulated by U.S central bank. But it's long time has gone. And Bitcoin was also stay long time on bearish. Finally Federal Reserve Chairman Jerome Powell made it clear that, they aren't looking for regulate cryptocurrency. I believe this is the one of great point for become bulls on crypto market. So almost we can expect that very soon we can see bulls run. On the other hand may we will see some more possitive news about Bitcoin.


News source : https://www.bloomberg.com/news/articles/2018-07-18/powell-says-cryptocurrencies-aren-t-big-enough-to-pose-a-threat

At last, some positive news to create a boost in the crypto market. In last six months or so, we have seen a drastic fall in crypto prices which created an uncertainty among the crypto-community. I believe the impact of this news would lay the foundation for stabilized-upward movement in prices which will help the market to grow further.

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July 19, 2018, 05:29:26 AM
 #12

During long time we have seen a rumor that Bitcoin will be regulated by U.S central bank. But it's long time has gone. And Bitcoin was also stay long time on bearish. Finally Federal Reserve Chairman Jerome Powell made it clear that, they aren't looking for regulate cryptocurrency. I believe this is the one of great point for become bulls on crypto market. So almost we can expect that very soon we can see bulls run. On the other hand may we will see some more possitive news about Bitcoin.


News source : https://www.bloomberg.com/news/articles/2018-07-18/powell-says-cryptocurrencies-aren-t-big-enough-to-pose-a-threat

Really welcoming news to hear the US stance on cryptos. People have been speculating that US might take a hard stance so I'm glad that Powell made it clear and finally announced the good news. Maybe this one could be a good catalyst for the bull runs that we all have been waiting for. So let's see, we slice $7000 and move even further, maybe this news can sustain the price to go and surpass $8000 in the next couple of weeks.

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July 19, 2018, 05:43:05 AM
 #13

Wow, this is the type of news we are supposed to be hearing every day. this news alone is capable of boasting up the BTC price. my worried is just that they should not wake up one day and have a change of mind

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August 01, 2018, 11:07:21 AM
 #14

Information provided by the United States. It is a very good information for the cryptocurrency market.
Such information would certainly push up the bitcoin price, because it avoids the barrier to traffic bans.
I hope next time there is as much good news as possible.

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August 01, 2018, 11:12:17 AM
 #15

I do not think this is a good news because the network is willing to be regulated somehow. Only then we can recover I suppose.
Fresh and new money will start then come in and everything will make more sense.
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August 01, 2018, 11:18:04 AM
 #16

U.S is the world power so U.S central bank will not just alter a statement that will bring down their prestige. U.S will make sure that proper investigation is done to protect her citizen and a reasonable number of the citizen will also fill comfortable with the regulation before it will be announce.

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August 01, 2018, 11:41:46 AM
 #17

It is a good news for the Crypto community, this should encourage more investors. But I personally don't trust the government, when things do not go their way, then make a U-turn. I hope they stick to this statement.
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August 01, 2018, 11:56:31 AM
 #18

There has been a lot of good crypto news recently but the price continues to fall from the all time highs.  I'm starting to think we won't see any big price increases until the next halving event.  Right now bitcoin inflation is at about 3% which is high compared to fiat money.

Governments would have a hard time stopping crypto if they wanted, Govs would rather just collect on crypto taxes instead of banning it.

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August 01, 2018, 12:12:02 PM
 #19

U.S is the world power so U.S central bank will not just alter a statement that will bring down their prestige. U.S will make sure that proper investigation is done to protect her citizen and a reasonable number of the citizen will also fill comfortable with the regulation before it will be announce.
I agree, this statement was been studied well and not just delivered without proper research, U.S as we knew that will do everything if in case there's a need of assistance, if they are not seeing any threat then crypto can go further and it's better for us crypto lovers to enjoy this another great news.

   
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August 01, 2018, 12:18:15 PM
 #20

So now the US government is not threatened by bitcoin which is really good news as they will not try to get rid of it now or control it.
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