In the final statement published after the G20 Leaders’ Summit, which took place on October 30-31, it was stated that global stablecoins should be regulated.
The 61-item final statement of the G20 Leaders’ Summit held in Rome under the presidency of Italy was announced.
In the statement signed by all G20 members, “Until all relevant legal, regulatory and supervisory requirements are addressed in an appropriate design in line with applicable standards, called global stablecoin [stablecoinlerin] none of them should not operate We emphasize.” statement was included.
Leaders of the world’s 20 largest economies on stablecoins Implementation of recommendations put forward by the Financial Stability Board (FSB) called for.
The Financial Stability Board published a list of 10 items that can be taken as a basis in stablecoin regulations in October 2020. The FSB, in its evaluation report announced at the beginning of last month, still has to implement these articles. “in the early stages” stated that you are.
Board; used as a means of payment in more than one country a global stablecoin stablecoins that can become much greater risks than today’s stablecoins warned that it might
G20 leaders on international money transfers cost, speed, transparency and accessibility Emphasizing the difficulties encountered in terms of Studies on digital central bank currencies (CBDC) gave a message of support.
“the Payments and Market Infrastructures Committee, the Bank for International Settlements Innovation Center, the IMF and the World Bank; We call on them to continue to deepen their analysis of the potential role digital central bank currencies can play in improving cross-border payments and their broader impact on the international monetary system.”