G20 Endorses Clear Pathways for Digital Asset Innovation
The G20 finance leaders have endorsed 'clear pathways' for digital asset innovation to support economic growth, according to a Chair's Statement issued after their meeting in Asheville, North Carolina.
The statement emphasizes the potential of digital financial innovation, including digital assets, to drive broad-based economic growth and recognizes the private sector's key role in driving it. The group committed to advancing responsible regulatory and supervisory frameworks that preserve financial stability and support economic growth while establishing clear pathways for sound digital financial and digital-assets innovation.
The statement also reaffirmed the G20 Roadmap for Enhancing Cross-border Payments, which aims to improve transaction efficiency and market liquidity by expanding operating hours of large-value payment systems and encouraging wider adoption of ISO 20022. The group is cautious in its approach to stablecoins, awaiting forthcoming FSB findings on their cross-border implications.