The IMF has for the first time included Bitcoin and other digital assets in the global economic report framework.

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[IMF First Incorporates Bitcoin and Other Digital Assets into Global Economic Reporting Framework] On March 20, the International Monetary Fund (IMF) released the seventh edition of the "Balance of Payments Manual" (BPM7), which for the first time includes crypto assets such as cryptocurrencies into the global economic reporting framework, marking the first update to the manual since 2009. According to the new framework, digital assets are divided into fungible tokens and non-fungible tokens, and further classified based on whether they carry related liabilities:

  • Unendorsed assets such as Bitcoin are classified as non-productive non-financial assets and are classified as capital accounts;
  • Stablecoins and other digital assets backed by liabilities are considered financial instruments;
  • Platform tokens like ETH and SOL may be classified as equity-like instruments if held across borders.
  • Staking and crypto asset yield activities are considered a source of dividend income;
  • Mining and staking related services are recognized as exportable computer services. (CrowFund Insider) The IMF plans to promote the widespread adoption of BPM7 and the latest national accounts system before 2029-2030.
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