Hi friends and welcome to Bitcoin News Today August 1 and today I bring you a very interesting article will do some fundamentals that I think are really important in the bitcoin ecosystem and has to do with the g20 and a series of recommendations that are making different finance ministers of the 20 most industrialized economies in the world on cryptocurrencies.
We will also talk about the Central Bank of Canada that supports the creation of a cryptocurrency for the bank as such with which we see that in Canada there is a fairly open position right now in the matter to attract, of course, that in this emerging market, because all the investment and innovation to their countries that is also a tactic that is being applied right now with respect to the cryptocurrency they want to keep the feints and all this capital inside the country that’s good and those are parts of the policies that have new present from the USA to attract more investment to the country.
To talk about bitcoin and the market situation at this time the price has not moved much in the last week we will see in last we have been going to see some small correction from a psychological maximum of many thousand 509 thousand perspectives on that and on this correction that is doing well is coin and what can we expect and finally we are going to talk about then a friend is going to be to see the analysis.
Bitcoin News Today August 1
Good friends let’s start with the fundamental news of cointelegraph , then we see how this year we are having more and more the focus of attention of regulators banks investment funds on the cryptocoin ecosystem that I think is a very good sign, even though at times we can see comments as sometimes the cryptocoin do not need is stronger we can only see on the part of governments that on some sides say how good that cryptocoin can threaten the financial system.
That can be used for drug trafficking all this kind of things that we always hear from government authorities or form of flight of this type of regulators then, in this case, we have a quite different situation because the financial stability council FSB which coordinates the financial regulation the group of the 20 economies has set a date for October to issue a report with a series of recommendations for the use and implementation of cryptocurrencies that is something that is quite important before.
Good is talking about the point of view of prohibition is a sign of a safe implementation, of course, they are concerned about the speculation that is quite strong in the cryptocoins and I explained my previous video and I see that it had a good reception is a material about how to gradually invest in an asset that has a clear trend and how it is to give returns despite these conditions and we do not need a lot of knowledge then all that is needed is strategy and to follow this news closely also learn of course the techniques.
In some newspapers, we published the recommendation of the US Congress to invest in the fact that it took girls equally and that the citizens of that country are closer to technology. This is something important.
Bitcoin News Today August 1, we are going to talk about what this article. I think it’s very good from the Bank of Canada because Canada is recent with a little more open legislation on the issue of cryptocoin and the important sector of this warehouse this ecosystem and well notice that there is a movement in the world of wanting to eliminate the cash is something that we are going to and without a doubt it is going to be the future of the cinema then they propose the creation of this digital money what they in the report recommend that they read it that this can increase the consumption and we go to see stimulate the economy
Also, the report talk about how they can know how to apply this technology to stabilize the monetary system remember that central banks with a role is like the protective father and is to stimulate the economy with different techniques in this case good the last years of 2008 we have had a quantitative easing here which is the printing of inorganic money to artificially grow for example the stock index then sometimes we see when the processes of a central framework are also unbalanced then that brings very serious economic consequences therefore a bank is studying the possibility of eliminating cash and of implementing a cryptocurrency also an important milestone from the technological point of view and of acceptance of this technology with digital means of payment and warehouse of value and good friends I hope your comments on these two articles I hope you read them because it is quite important to be informed of this situation.
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