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G20 leaders issued a joint communique and unanimously adopted a cryptocurrency regulatory roadmap
2023-10-13 06:07:37
Odaily News G20 finance ministers and central bank governors issued a joint communiqué in Marrakech, Morocco, announcing the unanimous adoption of a comprehensive roadmap for regulating crypto assets. The roadmap aims to enhance global financial stability and ensure that cryptocurrencies are effectively managed within an international economic framework. The agreed crypto-asset roadmap is based on a comprehensive document released in Delhi last month, which serves as the blueprint for the now officially endorsed G20 crypto-asset roadmap. This multifaceted roadmap includes policy frameworks, outreach initiatives beyond the G20’s jurisdiction, global coordination, cooperation and basic information sharing. Addressing existing data gaps in the crypto market is also a primary goal of the framework. This joint effort aims to consolidate macroeconomic and financial stability while promoting the effective and flexible implementation of a comprehensive crypto-asset policy framework. In addition, G20 leaders also emphasized the need for clear tax treatment of crypto-assets. (Cryptonews)