At a gathering of the US-led group, members of the organization acknowledged the “transformative role” of digital asset innovation. The organization also urged countries to improve cross-border payments and streamline the transfer of data related to financial services.
The G20 said it is committed to advancing responsible and effective regulatory and supervisory frameworks. At the same time, it emphasized the need to preserve financial stability and support economic growth. In addition, the organization is awaiting results from the Financial Stability Board. These concern stablecoins, including their accessibility and potential risks.