G20 Bali Leaders Declaration: Ensure Crypto Ecosystem is Regulated, Continue to Explore CBDC to Facilitate Cross-Border Payments

According to the "G20 Bali Leaders Declaration" published on the official website of the White House in the United States, it welcomes the amendments to the encrypted asset reporting framework and common reporting standards, and believes that both are inseparable supplements to the global standard for automatic tax information exchange. We also welcome the continued exploration of how to design a CBDC to facilitate cross-border payments while maintaining the stability and integrity of the international monetary and financial system, and welcome the successful completion of the G20 TechSprint 2022, co-sponsored with BISIH, which provides the most practical and feasible way to implement a CBDC. contributed to the debate on solutions. We also welcome the approach of the Financial Stability Board (FSB) to establish a comprehensive international framework for the regulation of cryptoasset activities based on the principle of "same activity, same risk, same regulation" and welcome the FSB's review of its approach to regulation, supervision and oversight of "global stablecoins" The consultation report on the high-level recommendations arranged by the FSB also welcomes the consultation report of the FSB on promoting international consistency in the regulation and supervision of encrypted asset activities and markets, hoping to ensure that the encrypted asset ecosystem (including various stablecoins) Potential risks to financial stability.