Key facts
- G20 members recognized digital assets could support broad-based economic growth.
- The group called for improvements in cross-border payments and financial services-related data transmission.
- G20 members committed to advancing responsible regulatory and supervisory frameworks for digital asset innovation.
- The body is awaiting results from the Financial Stability Board regarding global stablecoin arrangements.
- The G20 statements follow the implementation of crypto and stablecoin regulations in the EU and US.
Member nations of the Group of 20 (G20), under the United States' presidency, have agreed on policies that support the potential of digital assets to foster "broad-based economic growth." The group also issued a call for improvements in cross-border payments and the facilitation of financial services-related data transmission.
In a statement released by the US Treasury Department, the G20 acknowledged the "transformative role" of digital asset innovation. The officials committed to advancing "responsible and effective regulatory and supervisory frameworks" that would preserve financial stability, support economic growth, and establish "clear pathways for sound digital financial and digital assets innovation," while also considering cross-border opportunities and challenges.