Re: G20 Sets July Deadline for Crypto Regulation Talk

Quote from: davis196 on March 22, 2018, 02:01:58 PM

Quote from: Goozzi on March 22, 2018, 11:28:59 AM

The G20 meetings on Tuesday concluded with the setting of a July deadline for discussions about the regulation of cryptocurrencies as there is currently insufficient data to guide clear decisions.

Source: https://cryptovest.com/news/g20-sets-july-deadline-for-crypto-regulation-talk/

When it comes to making tough decisions,the politics always postpone and wait.Cryptocurrencies exist for about 10 years and they still don`t have sufficient data to make clear decisions.
The worldwide crypto market is under 300 billion USD.It`s like the GDP of some small European country.
Why the G20 should discuss the future of crypto regulations.Because they are afraid,i guess...

I hope you are right because from my experience politics are making sometimes bad decisions when it comes to regulations. I have seen a lot of good ideas stopped or killed by bad regulations. They will say that this is to protect us from being scammed (ICO's) and them from being robbed (taxes). I hope this time would be different.