G20 finance ministers and central bank governors have pledged to establish clear regulatory pathways for digital assets and digital financial innovation, framing the sector as a potential driver of broad-based economic growth and private sector innovation. The statement was issued after a two-day meeting in Asheville, North Carolina, and was highlighted by G20 Chair Scott Bessent.
According to the official statement, the G20 is committed to advancing responsible and effective regulatory and supervisory frameworks that preserve financial stability, support economic growth, and establish clear pathways for sound digital financial and digital assets innovation, while considering cross-border opportunities and challenges. The group said it looks forward to forthcoming Financial Stability Board findings on the cross-border implications of global stablecoin arrangements, as well as stablecoin data sources, availability, and potential challenges.
The statement also reaffirmed support for the G20 Roadmap for Enhancing Cross-border Payments and called on member countries to expand large-value payment system operating hours. The officials discussed the adoption of standardized messaging formats such as ISO 20022, which could improve the efficiency and effectiveness of international transactions and support the integration of digital currencies into the global financial system.
Multiple G20 members, including the United States, the European Union, and Japan, have already introduced frameworks for digital assets or stablecoins. The G20's recognition of digital assets as part of the global financial system may encourage further regulatory clarity and institutional confidence.
