The IMF-FSB paper rejects a crypto ban and proposes comprehensive oversight to maintain monetary stability
On October 13, the G20 Finance Ministers and Central Bank Governors (FMCBG) held a meeting in Marrakech, Morocco, under the Indian Presidency, where they adopted a roadmap for regulating crypto assets. This adoption could impact cryptos such as Maker (MKR) and VC Spectra (SPCT).
At the request of the Indian G20 presidency, the Financial Stability Board (FSB) and the International Monetary Fund (IMF) proposed the G20 Roadmap on Crypto Assets in the IMF-FSB Synthesis Paper. The leaders earlier welcomed the IMF-FSB Synthesis Paper in the G20 New Delhi Declaration.