The post IMF Recognizes Cryptocurrencies in Global Economic Data for the First Time appeared first on Coinpedia Fintech News
The International Monetary Fund (IMF) has updated its balance of payments standards to account for the rising influence of digital assets.
IMF Adds Bitcoin to Global Economic Stats!
In its latest seventh edition of the Balance of Payments Manual (BPM7), IMF included cryptocurrencies such as Bitcoin (BTC) in the balance of payments. According to the IMF’s new standards, Bitcoin and similar cryptocurrencies are now non-productive assets in global economic statistics. The updated manual was released on March 20, marking the first time that the IMF has included detailed guidance on digital assets in its global statistical standards.
The IMF’s new framework splits digital assets into fungible and non-fungible tokens and further classifies them based on whether they have associated liabilities. Bitcoin and similar tokens without liabilities are treat
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