Finance Ministers and Central Bank Governors (FMCBGs) from G20 nations have unanimously adopted the ‘G20 Finance Ministers and Central Bank Governors Communique’ during their meeting in Marrakesh, Morocco. This decision comes after the G20 member nations accepted a crypto regulatory roadmap outlined in a collaborative report by the International Monetary Fund (IMF) and the Financial Stability Board (FSB). The roadmap focuses on achieving macro-economic and financial stability and implementing a comprehensive policy framework for crypto assets. The G20 also emphasizes the importance of swift and coordinated implementation, extending outreach beyond G20 jurisdictions, global coordination, cooperation, and information sharing, as well as addressing data gaps. The IMF and FSB have been requested to provide regular updates on the progress of implementing the roadmap. The paper also highlights the need to implement anti-money laundering norms and adhere to established standards for virtual assets and virtual asset service providers. India’s Finance Minister, Nirmala Sitharaman, has previously mentioned considering content-rich papers from organizations such as the IMF and FSB, and the proposed roadmap deviates from an outright ban on crypto-assets, instead focusing on regulatory and supervisory oversight. This development addresses the industry’s demand for clarity and stability in the region.

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Information	Details
Geography	Africa
Countries	🇲🇦 🇮🇳
Sentiment	neutral
Relevance Score	1
People	Nirmala Sitharaman
Companies	Ministry of Finance, Financial Stability Board (FSB), Financial Action Task Force (FATF), International Monetary Fund (IMF)
Currencies	None
Securities	None