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G20 's new financial statement directly recognizes digital assets

2026-09-03 03:38:22
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The G20 clarifies the path of digital asset innovation and prioritizes ensuring financial stability and trust.

The G20 Group recognizes a clear path for responsible digital asset innovation, while prioritizing financial stability and trust. Stable coins remain the focus of attention, and the G20 is awaiting the results of the Financial Stability Board's study on cross-border arrangements. G20 members support strengthening cross-border payments, adopting ISO 20022 standards and the Risk-Based Financial Action Task Force digital asset standards.

Digital assets were directly recognized at the G20 finance ministers and central bank governors meeting in Asheville, North Carolina. At the meeting from August 31 to September 1, all parties supported responsible innovation paths while emphasizing financial stability. The statement also covered cross-border payments, stablecoins and financial supervision.

Digital assets enter the G20 financial agenda

The G20 states that digital financial innovation, including digital assets, can support broad economic growth. At the same time, the G20 also recognizes the role of the private sector in promoting innovation. However, the parties combined this recognition with precautions to ensure financial stability and trust in the currency and payment systems. The G20 has committed to establishing a regulatory framework to support sound digital asset innovation and said it is awaiting the results of the Financial Stability Board's study on global stablecoin arrangements. The study will address issues such as cross-border impacts, data sources and availability, and is part of the G20 's broader efforts to modernize the financial sector.

Cross-border Payment Rules

The statement reiterated the G20 's commitment to improving cross-border payments. Members called for extending the operating hours of large-value payment systems used by banks and central banks, and encouraged wider adoption of a unified ISO 20022 data model. In addition, the G20 also called for promoting the cross-border transfer of financial services data, but members pointed out that these efforts should balance data security with domestic legal frameworks. These measures are part of the G20 Roadmap to Strengthen Cross-Border Payments. The statement also mentioned artificial intelligence-related work.

Financial Action Task Force Standards Still Part of Digital Finance

The G20 reiterated support for the Financial Action Task Force Standards, which cover money laundering and terrorist financing issues. Members called for risk-based regulation, covering money laundering and proliferation financing. It is worth noting that the G20 requires countries to prioritize the implementation of Financial Action Task Force standards in areas where virtual assets are used significantly. The G20 also welcomed intensified efforts to crack down on fraud and illegal financial activities involving artificial intelligence. The statement follows the U.S. G20 presidency's 2026 Financial Track Priorities, with digital assets and financial sector issues prioritized. Finance ministers and central bank governors attended the meeting together with private sector representatives, invited countries and international organizations.

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