G20 pledges clearer digital asset rules to support financial innovation

G20 finance ministers and central bank governors have committed to advancing clearer regulatory frameworks for digital assets while keeping financial stability and cross-border risks in focus. Summary G20 finance chiefs committed to clearer digital asset rules that support innovation while preserving financial stability. Officials are awaiting FSB findings on global stablecoins, including their cross border implications and data challenges. The G20 reaffirmed its cross border payments roadmap and called for longer operating hours for large value payment systems. Major G20 economies including the U.S., EU and Japan have already introduced regulatory frameworks covering digital assets or stablecoins. The G20 Chair’s Statement, issued after officials met in Asheville, North Carolina, on Aug. 31 and Sept. 1, recognized digital assets as part of the financial innovation that could support economic growth and private-sector development. Officials said member countries would work toward regulatory and supervisory frameworks that provide defined pathways for digital financial innovation while maintaining trust in monetary and payment systems. “We commit to advancing responsible and effecti...