Here are some quotes from the meeting that took place recently:

"LONDON, March 18 (Reuters) - FSB (Financial Stability Board, FSB), which coordinates financial regulation for the countries of the G20 , on Sunday rejected calls from several countries who called for regulation of cryptomonnaies like bitcoin .

The FSB, however, stressed the need for greater international coordination in monitoring these rapidly evolving technologies, which still represent a tiny sector equivalent to less than 1% of global gross domestic product.

"The first assessment of the FSB is that currently, these crypto-assets do not pose a risk to global financial stability," said Mark Carney , president of the FSB, in a letter to finance ministers and governors of central banks, which will meet in Buenos Aires on Monday and Tuesday.

Mark Carney, who will leave his post next year, when he resigns as Governor of the Bank of England, noted that his successor would oversee a regulator more inclined to review existing rules than to set up new ones.

In his letter, he also said that the FSB, which has conducted a series of banking and financial reforms after the 2007-2009 crisis, will focus on the current rules rather than design new ones.

"As the work of the FSB, which aims to fill the fault lines that caused the financial crisis, is nearing its end, the latter will focus more (..) on the implementation and rigorous evaluation of the effects. reforms approved by the G20, "said Mark Carney. (Huw Jones Catherine Mallebay-Cowboy for French Service, edited by Danielle Rouquié) "

To wrap it up, FSB basically stated that cryptos are too small to make a dent to financial markets and they have better things to do. This could be consider as good news, after all the FUD, government regulations threats, negativity spread though the media, ponzi scheme accusations, the ban from Google on on crypto ads. Once the weak hands leave the market, we could witness the bull run again.

Feel free to share your thoughts and comment below.

Stay tuned for more crypto news!

Don't forget to Upvote, Resteem & Follow me: https://steemit.com/@cool4y/