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RE: Dtube Exploding! G20 Will Not Regulate Crypto Yet
It is said in the summit that Crypto-assets do, however, raise issues with respect to consumer and investor protection, market integrity, tax evasion, money laundering and terrorist financing. Crypto-assets lack the key attributes of sovereign currencies. At some point they could have financial stability implications.” so no way out yet
Stating the obvious. They need to be careful not to wake too many sheep up too. They are screwed. Unless the internet is shutdown, we have a worldwide famine and military state, etc... Freedom is coming friends.
Whether or not this means the volatility in the cryptocurrency market is finally behind us remains to be determined. There is still a lot of bearish pressure on all markets as of right now, and it seems the current 24-hour gains could be wiped out in a matter of hours. For the time being, caution is still advised, even though the recent price dip has certainly created an excellent buying opportunity for both novice enthusiasts and investors alike. This was their other thing mentioned in the summit but it might be the case that Govt setup is afraid of crypto centralisation and they fear that they would be held more accountable in the coming times for crypto centralisation. Yea that's true internet shutdown, freedom Is a passion and govt establishments lack on that passion my friend
that cryptocurrencies needed to be examined, but that more information was needed before any regulations could be proposed, they have offered this as a relief, by stating they will till June for further regulations needed on crypto.. let's keep hope