G20 backs coordinated action on trade, crypto, debt and AI

Nineteen of the G20's 20 members backed a broad economic statement following the August 31-September 1 finance meeting in Asheville, North Carolina, with China reportedly the only holdout on key language addressing persistent global trade imbalances and non-market policies.
The statement also pushed digital assets deeper into the G20 agenda, supporting clearer pathways for crypto innovation while emphasizing financial stability and stronger enforcement of FATF standards in jurisdictions with significant virtual-asset activity.
Stablecoins received separate attention, with the Financial Stability Board preparing work on their cross-border implications and remaining data gaps.
The G20 also highlighted risks from disruption in the Strait of Hormuz, called for faster sovereign-debt restructurings and identified AI, computing and digital infrastructure investment as potential productivity drivers while warning about financial and cybersecurity risks.