G20 Supports Clear Regulatory Pathways for Digital Assets, Calls for Enhanced Anti-Money Laundering Enforcement for Virtual Assets

Odaily News: Finance ministers and central bank governors of the Group of Twenty (G20) held a meeting in Asheville, USA from August 31 to September 1, endorsing clearer regulatory pathways for the growth of digital assets and placing digital assets on the agenda for the U.S. presidency term in 2026.

The G20 stated that digital financial innovation can support broad economic growth, with the private sector playing an important role in driving related innovation. The meeting also highlighted global stablecoins, cross-border payments, and extended operating hours for large-value payment systems as key topics, while supporting the adoption of the ISO 20022 data standard.

The G20 called on the Financial Action Task Force (FATF) to give priority to jurisdictions with significant virtual asset activity, strengthening enforcement of anti-money laundering standards. As of July, among the 149 jurisdictions assessed by the FATF, only 1 fully met the relevant standards, 34% were largely compliant, 43% partially compliant, and 22% non-compliant. (Bitcoin.com News)