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Tehol_Beddict

IMF and BIS—Working Together to Boost Financial Stability

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https://news.bitcoin.com/south-korea-countries-eu-imf-collaborate-curbing-crypto-trading/

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The South Korean government has called for financial regulators and central bankers of 23 other countries as well as 12 organizations, including the International Monetary Fund and the European Union, to collaborate on curbing cryptocurrency trading.

Just another example. Central banks around the world are all collaborating, know what’s coming and.... draw your own conclusions.

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12 minutes ago, Tehol_Beddict said:

https://news.bitcoin.com/south-korea-countries-eu-imf-collaborate-curbing-crypto-trading/

Just another example. Central banks around the world are all collaborating, know what’s coming and.... draw your own conclusions.

Ripple saw that comming from a distance, and I guess it was one of the reasons that  they invited a bunch of them for some quality time, teaching all there is to know.

https://ripple.com/insights/ripple-hosts-worlds-central-banks-to-explore-next-generation-of-payments/

 

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1 hour ago, Tehol_Beddict said:

At this point, the US, France, Germany, the IMF, the UK and other central banks around the globe have suggested there will be a framework for international regulation of crypto announced at the next G20 meeting.

SBI has also stated SBIVC is waiting until regulations are announced at the next G20 meeting before announcing the full SBIVC go-live date.

It has been suggested in multiple places that the IMF will act as an international regulator of crypto.

March 19-20: Finance ministers and central bank governors, Buenos Aires

https://www.g20.org/en/calendar

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31 minutes ago, Moretto said:

You always dig up the important info and provide everyone with an idea of what to expect in the coming days, so thank you. These are the posts that are most valuable on this board, rather than the same old speculation/fud or controversial topics.  Don’t stop doing what you do.

Ditto!!

Also, when moon?

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18 minutes ago, Plikk said:

Is this positive for Ripple in the long-term or also short term? Usually when something as regulation comes up the whole market tanks :(

Regulation is a must (and we have the best poker hand) even if it mean market tanks from short term perspective. What I am a bit afraid is the fact that mining of BTC is becoming nonprofitable. What will happen then...after BTC crash  we can guess.

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1 hour ago, Plikk said:

Is this positive for Ripple in the long-term or also short term? Usually when something as regulation comes up the whole market tanks :(

Whatever happens short term will be reflected by btc....But long term is all that matters. Regulation has to happen for banks to be able to jump into crypto. This is positive and a huge step forward. Block out all the noise for now and just go about your days thinking about what’s going to happen a year from now, not a month. As more exchanges add xrp/fiat pairings, SBI VC launches, the Japan consortium paves the way forward, then you can start to get excited.

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