G20 Finance Chiefs’ Communique on Crypto Assets
The G20 finance ministers and central bank governors recently met in Marrakech, Morocco to discuss various topics, including the regulation of cryptocurrencies. In their communique, they expressed their gratitude to the IMF and the FSB for creating the IMF-FSB Synthesis Paper, which was well-received by the G20 leaders.
The finance chiefs adopted the roadmap proposed in the synthesis paper as the G20 Roadmap on Crypto Assets. They emphasized the importance of swift and coordinated implementation of this roadmap to achieve macro-economic and financial stability. The key areas of focus include policy frameworks, outreach beyond G20 jurisdictions, global coordination and cooperation, information sharing, and addressing data gaps.
The G20 finance ministers and central bank governors have requested regular updates from the IMF and FSB on the progress of implementing the G20 Roadmap on Crypto Assets. They also expressed support for the ongoing work and global implementation of FATF standards on cryptoassets.
In a previous declaration, the G20 leaders endorsed the recommendations put forth by the IMF and FSB regarding the regulation and oversight of crypto-assets activities and markets. They called for consistent global implementation to avoid regulatory arbitrage.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.