Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
OR
Please fill out the required fields Please fill out the required fields Please fill out the required fields
Get Into Cryptocurrency Trading Today
G20, in its most recent announcement, has unveiled that there will not be any new regulations in regards to cryptocurrency and existing legislation will be further reassessed. The news came as a breath of fresh air for Bitcoin value that had been plummeting for quite a while. The announcement saw Bitcoin price gain $1000 in a matter of hours as current BTC value jumped from the low of $7,300 to upwards of $8,200.
In the anticipation of G20 meeting in Buenos Aires, many believed that cryptocurrencies will see a new wave of strict regulations but according to Reuters, the participants recommended against the very proposition. The negative sentiment surrounding the meeting was due to the fact that Mark Carney is the head of Financial Stability Board that is responsible for coordinating financial regulations for G20 economies. Mr. Carney, who is also the Governor of the Bank of England, has been known as an outspoken and sometimes even harsh critic of Bitcoin.
In the capacity of the Governor of the Bank of England, Mr. Carney has been loudly critical and has questioned the legitimacy and credibility of cryptocurrency multiple times. However, he was unable to garner strong support from other countries that resonates with his views. In a letter issued by FSB to central bankers and finance ministers, it was said:
"The FSB's initial assessment is that crypto-assets do not pose risks to global financial stability at this time."
Mr. Carney's reluctant acceptance of cryptocurrencies as an alternative global financial system is encouraging. It should be also be noted that this will be Mr. Carney's last year as both Governor of the Bank of England and chairman of the FSB. According to him, it's his successor who would look into the existing rules instead of enforcing new ones.
In a bid to make FSB more committed and efficient to deal with the modern challenges, Mr. Carney said,
âAs its work to fix the fault lines that caused the financial crisis draws to a close, the FSB is increasingly pivoting away from design of new policy initiatives towards dynamic implementation and rigorous evaluation of the effects of the agreed G20 reforms.â
This is the first good news in relation to cryptocurrency regulation in weeks which has had immediate effect on current Bitcoin price as it shot up nearly 8% in just 24 hours. Traders can also breathe a sigh of relief as hanging sword has been lifted, at least for the time being and might set a precedent for other global authorities.
Create a FREE account and...
Manage your own Watchlist
Access all education lessons
Converse with other crypto enthusiasts
Be a part of the Interactive Crypto Community
ALL
TRENDING
WATCHLIST
Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.
{[{ marketcap }]} {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H) {[{ marketcapchange.toLocaleString(undefined, {maximumFractionDigits:2}) }]}% (24H)
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current price and the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
Symbol
Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting allthe data fromseveral exchanges to provide the most accurate price available.
24H Cryptocurrency prices are volatile… The 24h % change is the difference between the current priceand the price24 hours ago.
Trade
{[{ item.name }]}
{[{ index + $index}]}
{[{ item.pair.split('_')[0] }]}
Ƀ{[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]} ${[{item.price.toLocaleString(undefined, {maximumFractionDigits: 5}) }]}
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
{[{ item.change24.toLocaleString(undefined, {maximumFractionDigits: 2}) }]}%
BNB Price Prediction: 5 Reasons Binance Coin Could Hit $500 in the next 90 days!
41 minutes ago | CryptoTicker
Trader Who Nailed 2022 Bitcoin Bottom Says BTC Disbelief Rally Is Underway – Here Are His Targets
1 hour ago | The Daily Hodl
Monero´s [XMR] bullish breakout; is the second leg of the rally feasible?
1 hour ago | AMBCrypto
MakerDAO Maintains Trust In USDC Despite Depeg Debacle
1 hour ago | NewsBTC
JustBit Casino Review
JustBit Casino, which specializes in virtual currencies, is easy to use because withdrawals are expl...
Huobi Token General Overview
Is Ripple The Cryptocurrency of 2021? - In Depth Review of Ripple XRP
Ethereum Classic Review
Monero General Overview
XBO
XBO.com cryptocurrency exchange redefines how you interact with crypto. Designed to make the benefit...
Bithumb
Understanding Bithumb This article highlights what is Bithumb and where it is located. It also di...
Bitstamp
Bitstamp's continued success in the crypto market This article highlights what Bitstamp is. I...
Bitfinex
Bitfinex general overview delves deep into its operations since its inception in 2012 up to date. It...
FTXUS
Introduction to the FTXUS Trading Platform FTXUS is a type of cryptocurrency derivatives exchange...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
Bitcoin Price Recovers From Weekend Slump as G20 Reconsiders Cryptocurrency Regulation
G20, in its most recent announcement, has unveiled that there will not be any new regulations in...
Cryptopay.me
Updated, Apr 04,...
Crypto Staking Guide 2021
Investors are actively looking for ways they can hedge their investments while at the same time...
Craig Wright Defines “Peer-to-Peer” in Bitcoin White Paper Discourse
Much has been misinterpreted about Bitcoin over the years. And with its widespread use and...
Trading Bots | Trade-to-Mine Method
If you are looking at speeding up or better informing your trading activity, there are a few...
Are we going towards a definitive ban on cryptocurrency trading in India?
Following the decision of the Reserve Bank of India (RBI) to ban cryptographic banking services,...
Is Algorand a good investment?
Algorand is one of the newly listed altcoins that shows a lot of potential in the crypto market....
What are the top 10 Altcoins?
Contrary to popular belief, bitcoin is not the only cryptocurrency. New cryptos have been...
VeChain and Mastercard Back Australia-China Supply Chain
VeChain and Mastercard show support for the Asia Pacific Provenance project. The council has...
Beechat: Instant Messaging For Cryptocurrency
For those who think that cryptocurrency has reached its peak, it might be time to think again....
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS (0)