Cryptocurrency News: World leaders are probably going to plan REGULATION of BITCOIN at a meeting
WORLD leaders could be set to hold talks on Bitcoin at next month’s G20 summit after French and German officials called for a discussion on cryptocurrencies at next month’s meeting.
Yes, folks. It could be either a good opportunity to grow or it could be another downfall of *Cryptocurrncy".
The finance minister and Central Bank Governors of France and Germany have requested the meeting where talks on policy and monetary implications of cryptocurrencies be a part of the agenda in the meeting.
The officials have forwarded their request for the meeting in a letter to the finance minister of Argentina, who currently hold the G20 presidency.
They said:
“We believe there may be new opportunities arising from the tokens and the technologies behind them.
“However, tokens could pose substantial risks for investors and can be vulnerable to financial crime without appropriate measures.
“In the longer run, potential risks in the field of financial stability may emerge as well.”
No pain, no gain.
No Good without bad.
No justice without evil.
This plan to hold discussions based on digital currency is a large increase in interest in online money over the last 12 months.
BITCOIN, the original and the mother of all cryptocurrency, had a value of just $954 in January last year but saw its price rise more than 1,500 percent throughout the 2017.
But since the start of 2018, it has seen its value plunge and it is currently worth just $7,655.
This dramatic drop in its price has been largely blamed on some countries starting to implement regulation on digital currencies.
South Korea, Asian Countries, India; they have already implemented regulations or bans.
Following them, Japan most likely to do the same. But they are not going to ban the cryptocurrencies.
So, as I said before, this could be a good news, or a very bad news.
I wish all the mighty Cryptocurrencies,
The dinosaurs will be discussing how to deal with the meteor that is heading in their direction. Good luck, dinosaurs!
Haha.
I hope it all goes just according to history :D
I agree with you that this could be good for crypto, I think its time for a regulation because then all the assumptions about the regulations/bans ....and so on will stop.
Let them get their slice of the cake an then we can continue to the :
Don't forget about the bad side.. It might get banned there too !
Great post
No matter what it is going to be a exciting year to see what regulations is going to be implemented and what effect it is going to have on the market.
If the meeting goes smoothly, the price of cryptocurrencies will rise. So will rise the price of STEEM and SBD..
This post has received gratitude of 1.44 % from @appreciator thanks to: @rayne122.