G20 crypto recommendations: regulatory splash or merely a ripple?

A high-level initiative for cross-border coordination in regulating unbacked cryptoassets has been hailed as a watershed. Much more detail, and the tackling of jurisdictional challenges, is still to come, says Nicola McKinney.

Nicola McKinney is a partner at Quillon Law who specialises in complex commercial and cross-jurisdictional disputes. Contact her on nicola.mckinney@quillonlaw.com.

The G20's Financial Stability Board last month published its final report with nine headline recommendations for cross-border cooperation to regulate unbacked cryptoassets. The 'High-level Recommendations for the Regulation, Supervision and Oversight of Crypto-Asset Activities and Markets' is aimed at achieving multilateral consensus and coordination in unbacked digital assets regulation.