On October 13, the G20, an international forum for governments and central banks, unanimously adopted the G20 Finance Ministers and Central Bank Governors Communique during its meeting in Marrakesh, Morocco. The G20 accepted the regulatory roadmap proposed by the IMF and FSB in September, which advocates for comprehensive supervisory oversight of cryptocurrencies instead of a blanket ban. The roadmap includes cross-border cooperation, comprehensive governance and risk management frameworks for crypto companies, and access to relevant data provided by companies to authorities. The first review of the proposed measures’ implementation status is set to happen by the end of 2025. The IMF also published a working paper on assessing macrofinancial risks from crypto assets, proposing a crypto-risk assessment matrix for countries. Regulators worldwide have been calling for a global framework on crypto, emphasizing the need for international cooperation to avoid regulatory arbitrage and address inconsistencies on a global scale.

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Information	Details
Geography	Global
Countries	🇲🇦
Sentiment	neutral
Relevance Score	1
People	Mário Centeno, None
Companies	German Federal Financial Supervisory Authority, Banco de Portugal, International Monetary Fund (IMF), Group of Twenty (G20), Financial Stability Board (FSB)
Currencies	None
Securities	None