ChainReg27 -- The G20 Non-Event vs. Digital Dollar Moves
IMF, FSB, IOSCO, the Fed, & MAS weigh in on Crypto & DeFi | Meanwhile, Congress continues to discuss dollar tokens
Many in the crypto industry have been watching the G20 all year. India, which chairs the G20 this year, long signaled an interest in reaching international consensus concerning crypto regulation. Geopolitical disarray will likely derail initiatives to issue a joint statement this year. However, this does NOT mean that global policy action has slowed. This ChainReg Episode 27 highlights how the regulatory perimeter continues to expand steadily. The central banks (FSB), finance ministries (IMF), securities regulators (IOSCO), and the Fed continue to tighten restrictions on the crypto sector with a formal timeline that extends to 2025.
The other side of the coin — CBDCs — are also active. The week began with moves regarding the digital euro. The week closes with Congress engaging on issues important to the digital dollar.
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