Bitcoin prices recovered over $ 8,500 on Monday, when global regulatory authorities adopted a more moderate approach to crypto-regulation before the G20 meeting on Tuesday.
Financial Stability Board, a global watchdog for financial regulation in the G20 economies, said in a letter to the members on Sunday that it was unwilling to answer calls from some countries to deal with digital currencies.
The digital currency had fallen close to $ 7,000 and then increased to $ 700 in less than three hours this weekend after Twitter announced it was promoting first mining, token sales and cryptocurrencyportals.
Countries in the 21th century agree that crypto curves are not money but an asset. This means that transactions can be subject to capital gains tax.
