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Finance Ministers and Central Bank Governors from G20 nations, under the Indian Presidency, have announced unanimously adopting the ‘G20 Finance Ministers and Central Bank Governors Communique’ during its meeting in Marrakesh, Morocco.
“We adopt the Roadmap proposed in the Synthesis Paper as a G20 Roadmap on Crypto Assets. This detailed and action-oriented Roadmap is essential to achieve our common goals of macro-economic and financial stability and to ensure effective, flexible, and coordinated implementation of the comprehensive policy framework for crypto assets.”
The intergovernmental forum comprising 19 sovereign countries further requested the IMF and FSB to offer regular and structured updates on the progress of implementation of the roadmap on crypto assets.The paper advocated implementing anti-money laundering norms to mitigate risks to financial integrity and prevent the illicit use of cryptocurrency for criminal and terrorist activities.
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