The G20 will not regulate the cryptocurrency. The market capitalization of the coins rose by $40 billion
Source:
the summit of "Big twenty" (G20), which started on 19 March in Argentina for the first time the topic of cryptocurrencies, Finance and cyber security. They decided not to enter for the coins for more regulation. Reuters, citing the head of the "financial stability Board G20" (FSB) Mark Carney.
theRegulation of cryptocurrency in the world is not increasing
the Policy came to the conclusion that digital money is not are a real threat to the world financial system, and therefore do not require additional regulation. The initiative to tighten the legislation in the field of cryptocurrencies previously made by the representatives of several countries. Then they proposed to create an international legal framework for coin control.
FSB will closely monitor the market development, but the organization is more inclined to revise the existing rules rather than to develop new ones. Digital money is a fast-paced, but still a tiny sector that is less than 1% of global GDP, so it may not seriously affect the existing financial system.
On the background of statements of Kearney the value of most altcoins have risen sharply. Bitcoin reached 8 thousand dollars, and at the time of publication of notes on level 8 $ 348. Among altcoins, the highest growth Cardano (16%), Stellar (17%) and Tron (18%). Capitalization of cryptocurrencies increased by $ 40 billion.
Previously technical analyst Dubai Market Securities Ltd. Paul dey that Bitcoin can "find the bottom" in the coming months, down to $ 2,800.
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