G20 leaders had called for taxes on cryptocurrencies during the summit weekend in Argentina.
That is of course lead to the fact that Bitcoin and other first cyptos all slipped on Monday in Asia.
After the latest more or less good news about stabilizing Bitcoin, it lost 5.04% to $4,041.3 by 10:31 PM ET (03:31 GMT) on the Investing.com index. Quite a siginificant drop, compared to the Ethereum down -4.59% and XRP - 3.37%
Bitcoin continues to fluctuates around $4000 range after losing roughly 40% of its value since mid-November.
Today in the morning (03/12) , it was reported that members of the G20 agreed to work on international effort for the regulation standards on cryptocurrencies to put it in the line with standards stipulated by the Financial Action Task Force (FATF).
The move is seen as an effort to curb tax evasion by investors and traders of crypto-assets.
Overall, the efforts of G20 finally will go only for the best for the majot crypto and conisdering such announcement, the BTC could be expected to raise in price this week. But not goving long-term predictions, I would say today it would continue the hold around $4,200.
That is of course lead to the fact that Bitcoin and other first cyptos all slipped on Monday in Asia.
After the latest more or less good news about stabilizing Bitcoin, it lost 5.04% to $4,041.3 by 10:31 PM ET (03:31 GMT) on the Investing.com index. Quite a siginificant drop, compared to the Ethereum down -4.59% and XRP - 3.37%
Bitcoin continues to fluctuates around $4000 range after losing roughly 40% of its value since mid-November.
Today in the morning (03/12) , it was reported that members of the G20 agreed to work on international effort for the regulation standards on cryptocurrencies to put it in the line with standards stipulated by the Financial Action Task Force (FATF).
The move is seen as an effort to curb tax evasion by investors and traders of crypto-assets.
Overall, the efforts of G20 finally will go only for the best for the majot crypto and conisdering such announcement, the BTC could be expected to raise in price this week. But not goving long-term predictions, I would say today it would continue the hold around $4,200.