By September, the BIS and IMF should publish a Synthesis report on regulating crypto-assets by September 2023, combining the macroeconomic and regulatory perspectives.
The news came following the meeting of G20 Finance Ministers and Central Bank Governors in India on Friday and Saturday. A joint statement outlined several actions by global standard setting bodies, including regulating crypto-assets, stablecoins and more research on central bank digital currencies (CBDC).
Regarding the Synthesis report, last week, an IMF report was published covering crypto policy suggestions. Despite saying an outright crypto ban should not be the first response, the paper said some IMF Directors believe a ban should be considered an option.
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