G20 LEADERS’ SUMMIT TO DISCUSS GLOBAL CRYPTOCURRENCY REGULATION:
Leaders will discuss a proposal for “global baseline” cryptocurrency standards at this weekend’s Group of 20 (G20) summit in India, according to a Reuters government source.
“Somewhere there should be a common template, and that template should consist of certain measures that are well defined,” said the International Monetary Fund (IMF) official.
The European Union (EU) has already approved the world’s first comprehensive set of rules for crypto asset markets, but the G20’s minimum standards would potentially go further.
Why It Matters: Government officials are clearly concerned about cryptocurrencies gaining more adoption. Earlier this year, the IMF pleaded that countries not give cryptocurrencies legal tender status. While governments cannot seize cryptocurrency stored offline in hardware wallets, they could potentially shut down cryptocurrency exchanges – the on and off-ramps to buy and sell crypto. – H.B.
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Why do you think they want to regulate crypto? Because they're not getting their cut. The government has become organized crime, plain and simple. They expect a cut of every transaction and they must regulated currency in order to be able to do that.
It's time to reread the Declaration of Independence . . .
Leaders will discuss a proposal for “global baseline” cryptocurrency standards at this weekend’s Group of 20 (G20) summit in India, according to a Reuters government source.
“Somewhere there should be a common template, and that template should consist of certain measures that are well defined,” said the International Monetary Fund (IMF) official.
The European Union (EU) has already approved the world’s first comprehensive set of rules for crypto asset markets, but the G20’s minimum standards would potentially go further.
Why It Matters: Government officials are clearly concerned about cryptocurrencies gaining more adoption. Earlier this year, the IMF pleaded that countries not give cryptocurrencies legal tender status. While governments cannot seize cryptocurrency stored offline in hardware wallets, they could potentially shut down cryptocurrency exchanges – the on and off-ramps to buy and sell crypto. – H.B.
---------------
Why do you think they want to regulate crypto? Because they're not getting their cut. The government has become organized crime, plain and simple. They expect a cut of every transaction and they must regulated currency in order to be able to do that.
It's time to reread the Declaration of Independence . . .
G20 LEADERS’ SUMMIT TO DISCUSS GLOBAL CRYPTOCURRENCY REGULATION:
Leaders will discuss a proposal for “global baseline” cryptocurrency standards at this weekend’s Group of 20 (G20) summit in India, according to a Reuters government source.
“Somewhere there should be a common template, and that template should consist of certain measures that are well defined,” said the International Monetary Fund (IMF) official.
The European Union (EU) has already approved the world’s first comprehensive set of rules for crypto asset markets, but the G20’s minimum standards would potentially go further.
Why It Matters: Government officials are clearly concerned about cryptocurrencies gaining more adoption. Earlier this year, the IMF pleaded that countries not give cryptocurrencies legal tender status. While governments cannot seize cryptocurrency stored offline in hardware wallets, they could potentially shut down cryptocurrency exchanges – the on and off-ramps to buy and sell crypto. – H.B.
---------------
Why do you think they want to regulate crypto? Because they're not getting their cut. The government has become organized crime, plain and simple. They expect a cut of every transaction and they must regulated currency in order to be able to do that.
It's time to reread the Declaration of Independence . . .
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