Thank you for the good news, today it really is the best!

I hope after this good news crypto rates will be back normal again that I hope more than highest record.
because if crypto currency rates is good, so that make our financial will be better than about few days ago, when crypto price drop so far.
And I think many people loss their assets since cryptocurrency drop so far, and I hope they can get it again at this time.
All crypto user will get good effect after this, this seem like financial crisis which will be bring effect to all side, and maybe need more good news to make cryptocurrency increase. Hope all the best for cryptocurrency, because cryptocurrency is usefully fo our life to be better if we use it in good way and right way.

I haven't followed the news closely but from what I get, They didn't really say "no crackdown" but rather starting to figure out they can't really regulate the cryptocurrency industry. Christine Lagarde wants to use the blockchain technology with the hope to regulate.... something using blockchain, Do you see the irony?

G20 has no legislative power, only the governments (Congress and the executive) of each individual control would be able to place regulation, legislation, and so on and so forth about bitcoin. So this isn't a victory, this is what should happen anyway.

G20 just offers recommendations,nothing of what they say is legally binding.

Traditional methods of regulation are not suitable for cryptocurrencies. The Bank always keeps track of currency movements. Cryptocurrencies do not use the banking system for moving and do not adhere to the generally accepted rules for banks. If you are making a payment from a Bank account, you must indicate the purpose of the payment. In crypto it is not. And the amount of moved capital is not limited. Countries that are under sanctions also can not be limited in the movement of cryptocurrencies.

The news will be good. It helped the market to recover just immediately. G20 outcomes are always instrumental to the world's economy. If no crack down, it is then a good news.

There're two side to this story one we all should get happy and say there're no regulation but wait what about the existing one's. Secondly does G20 really have any sizeable say in the global economy, I don't think so. When was the last time you saw them do something and all nations adapt to it. We should take this news with a pinch of salt, as there's nothing great if one deeply analysis this. Well for the sake of Bitcoins I do hope no more regulation come up.

sounds like a good news and thanks to OP for sharing this here but i have to say unlike OP i do not think bitcoin "bulls" are responding to this news as big as OP is describing them to. price is still at the very beginning of $8k and it is not even over $9k yet which would be the sign of some bulls around.

Yes, that's good news for bitcoin. But I don't think the news has affected the price of bitcoin. The price of bitcoin has dropped so much that I can't understand the reason for the decline.

Awesome thread! I was overwhelmed by the information exchanged from the replies. Very nice for newbies like me.