The Financial Stability Board, an international body that monitors the global financial system and presents recommendations, stated 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 way the financial industry is organized," said FSB Chairman Klaas Knot. wroteand adds: "Seizing the opportunities of digital innovation while containing the associated risks is critical for financial stability and prosperity. We will continue to closely monitor the implications of digital innovations for financial stability, including in cryptoasset markets." , tokenization and artificial intelligence (AI). "
Knot also said that the FSB, as requested by the G20, will deliver reports on โthe implications for financial stability of asset tokenization and AI.โ
The letter precedes 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 called in particular global coordination in crypto policy formulation.
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