G20 Members Highlight Clear Pathways for Digital Asset Innovation
Officials Emphasize Digital Assets’ Role in Economic Growth
G20 members, under the US presidency, have recognized the potential of digital assets to support "broad-based economic growth." In a statement released by the US Treasury Department on Tuesday, the group highlighted agreements on policies that acknowledge the "transformative role" of digital asset innovation.
They called for improvements in cross-border transactions and data sharing related to financial services. The G20 statement committed to:
"…advancing responsible and effective regulatory and supervisory frameworks…that establish clear pathways for sound digital financial and digital assets innovation…"
This comes as various member countries, including the US, have been drafting laws and regulations to address cryptocurrencies and stablecoins, such as the EU’s Markets in Crypto Assets (MiCA) rules and the US’ GENIUS Act.
Related:
- Crypto industry urges SEC to avoid blanket novel ETF restrictions
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