The Financial Stability Board and the International Monetary Fund are set to deliver a paper calling for global coordination on crypto policy at this weekend's G20 summit.
highlighted the “vulnerabilities” that crypto faces, which require close monitoring given the growing linkages between crypto and the wider financial system, the letter said.
“The risks of crypto-assets are not confined to financial stability, but can also include macroeconomic risks relating to monetary sovereignty, capital flow volatility and fiscal policy,” Knot wrote. The paper will highlight the amplified macrofinancial risks that emerging markets and developed economies might face, which could raise the need for targeted measures.in August that G20 nations were asking for the paper to include a call for global collaboration and that India was pushing for concerns around macrofinancial implications and risks specific to emerging markets and developing economies to be included.
The FSB called for a global framework in July and its officials said that these rules won’t need to be
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