[G20 finance ministers and central bank governors issued a joint statement adopting a cryptocurrency regulatory roadmap]
In Marrakech, Morocco, G20 finance ministers and central bank governors issued a joint statement endorsing a comprehensive roadmap aimed at regulating crypto-assets. The announcement was made at the last meeting of the G20 Financial Cooperation Organization of the Indian Presidency. The roadmap builds on a previously announced report in Delhi and aims to strengthen financial stability and ensure cryptocurrencies are effectively managed.
In a joint statement, the G20 countries expressed their full support for the regulatory framework, and the Financial Cooperation Group urged rapid and coordinated progress on its implementation. This multi-faceted framework includes policy strategies, global cooperation, information sharing, and focuses on filling existing data gaps to contribute to overall economic and financial stability.
In their statement, New Delhi’s leaders also emphasized the need to clarify the tax treatment of crypto-assets and pointed out that a complete ban is not the best solution. The real strategy should still be based on sound overall economic policies. Finally, the statement recommends that the International Monetary Fund and the Financial Stability Board provide regular updates on the progress of the G20 cryptoasset roadmap.
