G20 Evaluates Contribution of Digital Assets to Economic Growth and Improves Regulatory Framework

The G20 officially recognized digital assets as a financial innovation tool that supports economic growth. The G20 finance ministers and central bank governors held a meeting in Asheville, USA, to discuss the direction of digital finance and digital asset policies. According to the statement, digital financial innovation and digital assets are assessed to have the potential to support broad economic growth, emphasizing the importance of the private sector's role. The G20 also presented regulatory principles to ensure financial stability, stating that while encouraging innovation, it will ensure that the stability of financial markets and trust in monetary and payment systems are not compromised. Additionally, it called for improvements in payment infrastructure to handle cross-border fund transfers more quickly and efficiently, and announced plans to modernize existing regulatory and supervisory frameworks to enhance the resilience and efficiency of the financial system. Regarding global stablecoins, it continues to take a cautious approach while awaiting the evaluation results from the FSB. This statement reflects the international community's movement to treat digital assets not merely as regulatory targets but as areas of innovation that can be integrated into the existing financial system.

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