G20 Leaders welcomed FSB work on technological innovations

G20 Leaders, in the June 2019 Osaka Declaration, noted that technological innovations can deliver significant benefits to the financial system and the broader economy. While they stated that crypto-assets do not pose a threat to global financial stability at this point, they also indicated the importance of monitoring developments and remaining vigilant to existing and emerging risks. They welcomed on-going work by the Financial Stability Board (FSB) and other standard-setting bodies and asked them to advise on additional multilateral responses as needed. They also reaffirmed their commitment to applying recently amended FATF standards related to anti-money laundering and countering the financing of terrorism in this field.

 

FSB: Regulatory issues of Stablecoins