According to the G20 Chair’s Summary and Outcome Document from the First G20 Finance Ministers and Central Bank Governors Meeting held in Bengaluru on February 24-25, 2023, The G20 has welcomed the ongoing work by the Financial Stability Board (FSB) and international standard setters to ensure that the crypto-assets ecosystem, including stablecoins, is closely monitored and subject to robust regulation, supervision, and oversight to mitigate potential risks to financial stability.

In the first G...