A G20 policy mandate represents a directive or instruction issued by the Group of Twenty, an international forum for the governments and central bank governors from 19 countries and the European Union. These mandates aim to guide global economic policy and regulatory approaches across member nations. They often address pressing international financial issues.
Context
The G20 has increasingly focused on developing coordinated policy responses to the emergence and growth of digital assets and cryptocurrencies. A key policy mandate involves establishing common regulatory standards to mitigate financial stability risks and prevent illicit activities. This collective effort seeks to foster a consistent global approach to digital asset oversight.
Uneven global implementation of FSB standards creates systemic risk and regulatory arbitrage, compelling firms to prioritize cross-jurisdictional compliance convergence.
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