The Financial Stability Board, an international body that monitors the global financial system and makes recommendations, said in a letter to G20 finance ministers that crypto assets, tokenization and artificial intelligence remain priorities.
“Digitalization is fundamentally changing the way finance works and the organization of the financial sector,” says Klaas Knot, President of the FSB. wroteadding: “Harnessing the opportunities of digital innovation while containing the associated risks is essential for financial stability and prosperity. We will continue to closely monitor the implications of digital innovations for financial stability, including in crypto-asset markets, tokenization and artificial intelligence (AI). ).”
Knot also said the FSB would, upon request from the G20, provide reports on “the financial stability implications of asset tokenization and AI.”
The letter comes ahead of a G20 meeting in Sao Paulo scheduled for Wednesday and Thursday.
Last year, the FSB and the International Monetary Fund announced a crypto policy roadmap that notably called for global coordination in crypto policymaking.
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