The rate of Bitcoin increased by 10%, as G20 is not going to globally change the regulation of crypto currency
The announcement of G20 that they will be removed from the creation of new rules in favor of studying existing ones gave the crypto-currency market the necessary impetus and this surge could raise Bitcoin by 1 000 dollars.
No new rules
Last week, many crypto-currency investors were negative about the summit. This is explained by the fact that Mark Carney, the Governor of the Bank of England and an outspoken Bitcoin critic, heads the Financial Stability Board, which in turn coordinates financial regulation for G20. However, according to a source Reuters, no new recommendations on regulation will be made.
"The FSB assessment at the moment is that crypto-currency assets currently do not pose a risk to global financial stability."
Karni, speaking in this letter, demonstrates an increased willingness to accept crypto-currency as part of the global financial system. Note that last year, as Governor of the Bank of England and Chairman of the FSB, Carney said that his receiver will not introduce new standards, but will work with existing rules.
Author: Andrey, analyst Freedman Club Crypto News
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