Crypto regulation was a key agenda of the G20 summit. While regulations and a framework have yet to be finalized, consensus emerged that a blanket ban was not feasible.

The joint declaration noted that the G20 will continue to “closely monitor the risks of the fast-paced developments in the cryptoasset ecosystem,” and the leaders endorsed the Financial Stability Board’s (FSB’s) “high-level recommendations for the regulation, supervision, and oversight of crypto-assets activities and markets and of global stablecoin arrangements.”

The panel discussed:

• macro financial consequences,
• regulatory aspects,
• cross-border framework and cooperation; and
• supervisory implications.

Panelists:

William C. Dudley, Chair, Bretton Woods Committee (BWC); Former President and CEO, Federal Reserve Bank of New York

Nezha Hayat, Chairperson and Chief Executive Officer, Moroccan Capital Market Authority (AMMC)

Stefan Ingves, Chair, Toronto Centre; Former Governor, Sveriges Riksbank (Central Bank of Sweden)

Olivier Fines, Head, Advocacy and Capital Markets Policy Research for EMEA, CFA Institute

Moderator:

Marina Moretti, Deputy Director, Monetary and Capital Markets, International Monetary Fund (IMF)

Read the transcript here. Read their biographies here.