G20 to propose worldwide crypto rules in October

[Agwu]

I think one of the reasons many cryptocurrencies will not survive this harsh market condition is because they are not built with long term sustainability features.

Some of them have high transaction costs and there  by making it difficult for investors and holders. Imagine charging over 40% at this critical period.

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[coolcoinz]

The fact that they want to regulate the Speculative sector means how angry are they with people becoming millionaire with cryptos.

I think they simply want to put their dirty paws on some of the profits. They see the industry is growing and more countries and funds are interested in it, which means there eventually be huge inflows. Lately there were even articles about Swiss Post wanting to offer bitcoin custody services, so this is eventually going to be an important global asset. It's all about profits so regulators want to be able to track these profits and make sure people pay their taxes.

[ChrisPop]

I think one of the reasons many cryptocurrencies will not survive this harsh market condition is because they are not built with long term sustainability features.

Some of them have high transaction costs and there  by making it difficult for investors and holders. Imagine charging over 40% at this critical period.

Not just them, but most of them designed solely to attract eye balls, but then when you actually stress them a little you'll see the fragile infrastructure.
Put that into contrast with Bitcoin - a state-of-the-art cryptocurrency who has been going strong for 13 years already with no hacks and continuous development.

[Husires]

Why do I feel that what will happen will be like this:

• Agree on a global minimum crypto tax of 20%.
• All platforms, companies and services that offer crypto services are required to do identity verification for transactions over a thousand dollars.
• Recognize these currencies as assets, not money.

Then all you need to do is increase taxes and keep track of currencies to put the market under your control.