The G20 intergovernmental forum has agreed to begin developing clear regulatory framework for crypto and stablecoins. During a meeting this week in Asheville, North Carolina, G20 finance ministers and central bank governors agreed on working toward improving the clarity of regulatory and supervisory frameworks and tools on digital assets, among other priorities for financial stability and improvement of payment systems.
A G20 chair’s statement released Tuesday by U.S. Treasury Secretary Scott Bessent included language on digital assets. Finance ministers and central bank governors said they shared the view that digital assets have the potential to support economic growth.
The G20 said its approach would seek to accommodate responsible digital finance and digital-asset innovation while accounting for potential issues and opportunities that extend across borders. As part of that work, officials are awaiting Financial Stability Board (FSB) findings on global stablecoin arrangements, including their cross-border implications and issues involving the availability and sources of stablecoin data.
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Additionally, G20 members have begun implementing domestic cryptocurrency frameworks such as the GENIUS Act in the United States, which features a federal framework to govern payment stablecoins, and the Markets in Crypto-Assets framework in the European Union. Japan also maintains its own domestic reforms, though the G20 statement does not supersede Japan’s domestic reforms.