G20 on crypto assets: Ministers urge a quick rollout of roadmap

The finance ministers of the G20 nations have called for swift and coordinated implementation of the G20 roadmap to deal with the issues related to crypto assets.

This roadmap, outlined in a joint Synthesis Paper by the International Monetary Fund (IMF) and Financial Stability Board (FSB), emphasizes the need for policy frameworks, global outreach, cooperation, and data enhancement.

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The G20's comprehensive roadmap aims to harmonize global policies, establish regulations, and consider the unique challenges facing Emerging Markets and Developing Economies (EMDEs).

The Finance Ministers and Central Bank Governors (FMCBG) based their communique on the G20 New Delhi Leaders Declaration (NDLD), benefiting from consensus reached at the recent Leaders' Summit.

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This communique was unanimously adopted during the fourth and final meeting of the G20 FMCBG, held in Marrakesh, Morocco, alongside the IMF-WB Annual Meetings under the Indian Presidency.

The communique also welcomed the upcoming Brazilian Presidency of the G20 and looked forward to continued work on enhancing global economic cooperation to achieve strong, sustainable, balanced and inclusive growth.