The G20’s Crypto Hand-Wringing Is Not Significant

So, let’s assume that we get some firm statements from the group in support of the Financial Stability Board’s (FSB’s) latest policy recommendations, published in July. That’s very likely, since the recommendations don’t actually say anything interesting. There’s a smattering of “authorities should have the appropriate powers,” apply regulation, cooperate with each other and require crypto asset service providers to manage their risk carefully, and not much else. I mean, all that sounds fair, but to this interested observer, there seems to be a lot of noise about nothing.