G20 Finance and Central Bank Ministerial and Deputy Meetings unanimously agreed to issue G20 statement on stable currency

On October 17-18, 2019, Yi Gang, the president of the People's Bank of China, and Chen Yulu, the deputy governor of the People's Bank of China, attended the ministerial and deputy-level meetings of the G20 finance and central bank in Washington, DC. The meeting unanimously agreed to issue the G20 statement on stable currency, affirming the potential benefits of financial innovation, and pointed out that stable currency has a series of policy and regulatory risks, especially in the areas of anti-money laundering, counter-terrorism financing, consumer protection, market integrity, etc. Evaluate and address these risks before the Stabilization Coin project begins. The meeting requested international institutions such as the Financial Stability Board, the IMF, and the Financial Action Task Force to continue to study the risks and impacts of the stable currency.