US Treasury issues framework for international engagement on digital assets

The US Treasury has developed a Framework for International Engagement on Digital Assets that aligns with President Biden’s executive order. It emphasizes democratic values and outlines strategies for collaborating with global partners like the G7, G20, and international organizations to achieve its objectives in the digital asset space.

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As required by President Biden’s executive order on digital assets, issued in March, a Framework for International Engagement on Digital Assets was delivered to the US president by the US Treasury in consultation with relevant agencies.

The framework ensures that America’s core democratic values are respected in the development of digital assets. It also lays out how the USA should achieve its objectives through international engagements with partners such as the G7 and G20, the Financial Stability Board (FSB), the Financial Action Task Force (FATF), the Organisation for Economic Cooperation and Development (OECD), the International Monetary Fund (IMF), multilateral banks, etc.