G20 members reached a consensus during a meeting chaired by the United States, acknowledging the transformative role of digital assets in broad economic growth and committing to develop responsible regulatory frameworks to maintain financial stability while improving cross-border payments and data transmission for financial services. The group is awaiting the Financial Stability Board's research on global stablecoin arrangements and data source availability. Prior to this statement, the US and EU had already established relevant regulations, including the Markets in Crypto-Assets (MiCA) regulation and the US GENIUS Act for stablecoin oversight. This commitment underscores international coordination efforts to balance innovation with financial stability.
G20 members, meeting under a United States chair, came to a consensus and said digital assets can reshape "broad economic growth." They also said they will work on responsible regulatory frameworks aimed at protecting financial stability while making cross-border payments and data transmission for financial services better. Big claim. Real policy too.
The group said it is still waiting for the Financial Stability Board's (FSB) findings on global stablecoin arrangements and the availability of data sources. Before this statement, members including the United States and the European Union had already put related rules in place, among them the Markets in Crypto-Assets (MiCA) regulation and the US GENIUS Act for stablecoin oversight. So this move fits a broader push by major economies to give digital assets clearer rules while trying to limit the risks.
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