G20 pledges clearer path for responsible digital asset innovation

G20 finance ministers and central bank governors recognized that digital assets have the potential to support economic growth and pledged to create a clearer path for responsible innovation, Eleanor Terrett reported. A G20 chair statement released today by Treasury Secretary Scott Bessent also called for improvements to cross-border payments, including keeping systems open longer for banks and central banks to process large-value or urgent payments, expanding the use of ISO 20022, the common global messaging standard used by banks, and making it easier to transfer financial services data across borders.