G20 statement recognizes digital assets as potential contributors to economic growth.
Regulation & Gov ·
The G20 Chair's Statement, released by Treasury Secretary Scott Bessent, includes language acknowledging that digital assets may contribute to economic growth. Finance ministers and central bank governors from the group's member economies committed to establishing "clear pathways" for responsible innovation in the sector, marking a shift toward formal recognition of digital asset potential at the multilateral policy level.
The statement addresses infrastructure modernization alongside digital assets, calling for enhancements to cross-border payment systems. Specific proposals include extending operating hours for high-value payment channels used by banks and central banks, broadening adoption of ISO 20022 messaging standards, and reducing barriers to cross-border financial data transmission.
The G20 indicated it is still gathering intelligence on regulatory and systemic risks: the Financial Stability Board is expected to deliver findings on the cross-border implications of global stablecoins, suggesting the group's stance may evolve once that analysis is complete.