IMF
4.8M views
6,478 Discussing
Hot
Latest
🔥🩸‼️IMF Blocks 🇵🇰Pakistan's Crypto Power Push Amid Legal & Fiscal Fears ‼️🚨🩸
🇵🇰Pakistan’s ambitious plan to allocate 2,000MW of electricity for Bitcoin mining and AI data centers has hit a major roadblock — the IMF isn’t on board.
During a Senate committee meeting, Power Secretary Dr. Fakhray Alam Irfan confirmed that the IMF rejected the proposal, citing risks of market distortion, legal grey zones, and pressure on the already strained power grid.
The #IMF was also frustrated that Pakistan announced the plan without prior consultation, warning that subsidized electricity for crypto ventures could hurt the energy sector and pricing structure.
Despite rejection, #Pakistan ’s government says it’s still negotiating with the IMF to reshape the initiative, originally led by the Pakistan Crypto Council and supported by the Finance Ministry.
The plan aims to convert surplus electricity into income, draw in foreign investment, and foster digital jobs — but regulatory and energy security concerns persist.
Interestingly, #Binance founder Changpeng Zhao #CZ had a role as an advisor on the project — a twist that’s raised further debate after his legal troubles in the US.
With over 15–20 million crypto users and growing adoption, Pakistan is eager to tap into blockchain opportunities. But for now, the IMF's red tape is a major hurdle.
#Bitcoinmining
🇵🇰Pakistan’s ambitious plan to allocate 2,000MW of electricity for Bitcoin mining and AI data centers has hit a major roadblock — the IMF isn’t on board.
During a Senate committee meeting, Power Secretary Dr. Fakhray Alam Irfan confirmed that the IMF rejected the proposal, citing risks of market distortion, legal grey zones, and pressure on the already strained power grid.
The #IMF was also frustrated that Pakistan announced the plan without prior consultation, warning that subsidized electricity for crypto ventures could hurt the energy sector and pricing structure.
Despite rejection, #Pakistan ’s government says it’s still negotiating with the IMF to reshape the initiative, originally led by the Pakistan Crypto Council and supported by the Finance Ministry.
The plan aims to convert surplus electricity into income, draw in foreign investment, and foster digital jobs — but regulatory and energy security concerns persist.
Interestingly, #Binance founder Changpeng Zhao #CZ had a role as an advisor on the project — a twist that’s raised further debate after his legal troubles in the US.
With over 15–20 million crypto users and growing adoption, Pakistan is eager to tap into blockchain opportunities. But for now, the IMF's red tape is a major hurdle.
#Bitcoinmining
🚨 IMF Shuts Down Pakistan’s Bold 2,000 MW Crypto Mining Plan – What’s Next?
In a major setback for Pakistan’s crypto ambitions, the International Monetary Fund (IMF) has rejected the country’s proposal to offer cheap electricity for crypto mining and heavy industries, citing concerns over market distortions. The decision throws cold water on Pakistan’s plan to attract foreign investment by allocating 2,000 megawatts of power to energy-hungry sectors like Bitcoin mining and data centers.
Why Did the IMF Say No?
During a heated Senate Standing Committee on Power meeting, Secretary Power Dr. Fakhray Alam Irfan revealed that despite having surplus electricity in winter, the IMF firmly opposed subsidized rates for crypto miners. The global financial watchdog warned that such incentives could disrupt fair competition and strain Pakistan’s already fragile energy economy.
"As of now, the IMF has not agreed," Dr. Irfan stated, but discussions continue as Pakistan seeks alternative solutions.
Crypto Mining vs. Power Theft: Pakistan’s Energy Crisis Deepens
While Pakistan hoped crypto mining could bring in billions in foreign investment, the country is also battling rampant electricity theft—a problem costing the government millions. Shockingly, 58% of users pay a heavily subsidized rate of just Rs. 10 per unit, far below the actual cost.
Senator Shibli Faraz even accused banks of being "forced at gunpoint" to help reduce Pakistan’s Rs. 1.275 trillion circular debt, highlighting the extreme financial pressures at play.
What’s Next for Pakistan’s Crypto Dreams?
Despite the IMF’s rejection, Pakistan isn’t backing down. The government remains in talks with international bodies to revise its energy strategy, while also rolling out anti-theft tech to curb losses.
Will Pakistan find a way to lure crypto miners without IMF approval?
Or will energy subsidies remain a pipe dream?
One thing’s clear: The battle between crypto ambitions and economic realities is far from over.
🔔 Stay tuned for more explosive updates on this developing story!
💡 Want more hard-hitting crypto insights?
📩 Follow now for breaking news, expert analysis, and real-time updates on Bitcoin, altcoins, DeFi, and beyond! 🚀
#crypto #Bitcoinmining #IMF #Pakistan #EnergyCrisis
$BTC
Why Did the IMF Say No?
During a heated Senate Standing Committee on Power meeting, Secretary Power Dr. Fakhray Alam Irfan revealed that despite having surplus electricity in winter, the IMF firmly opposed subsidized rates for crypto miners. The global financial watchdog warned that such incentives could disrupt fair competition and strain Pakistan’s already fragile energy economy.
"As of now, the IMF has not agreed," Dr. Irfan stated, but discussions continue as Pakistan seeks alternative solutions.
Crypto Mining vs. Power Theft: Pakistan’s Energy Crisis Deepens
While Pakistan hoped crypto mining could bring in billions in foreign investment, the country is also battling rampant electricity theft—a problem costing the government millions. Shockingly, 58% of users pay a heavily subsidized rate of just Rs. 10 per unit, far below the actual cost.
Senator Shibli Faraz even accused banks of being "forced at gunpoint" to help reduce Pakistan’s Rs. 1.275 trillion circular debt, highlighting the extreme financial pressures at play.
What’s Next for Pakistan’s Crypto Dreams?
Despite the IMF’s rejection, Pakistan isn’t backing down. The government remains in talks with international bodies to revise its energy strategy, while also rolling out anti-theft tech to curb losses.
Will Pakistan find a way to lure crypto miners without IMF approval?
Or will energy subsidies remain a pipe dream?
One thing’s clear: The battle between crypto ambitions and economic realities is far from over.
🔔 Stay tuned for more explosive updates on this developing story!
💡 Want more hard-hitting crypto insights?
📩 Follow now for breaking news, expert analysis, and real-time updates on Bitcoin, altcoins, DeFi, and beyond! 🚀
#crypto #Bitcoinmining #IMF #Pakistan #EnergyCrisis
$BTC
The IMF has rejected Pakistan's proposal to subsidize electricity rates for cryptocurrency mining! ⚡️💸
The decision highlights concerns over energy sustainability and the impact on the crypto mining industry.
#Pakistan #Cryptocurrency #IMF #CryptoNews #CryptoMarket $CAKE
$COMP
$VANA
The decision highlights concerns over energy sustainability and the impact on the crypto mining industry.
#Pakistan #Cryptocurrency #IMF #CryptoNews #CryptoMarket $CAKE
$COMP
$VANA
🚨 IMF Blocks Pakistan’s Bitcoin Mining Subsidy Plan
🇵🇰 In a major roadblock to Pakistan’s ambitions of building Bitcoin reserves, the IMF has rejected a proposal to offer subsidized electricity tariffs for crypto mining.
🔍 Key Highlights:
◾️ Pakistan aimed to utilize surplus winter electricity to mine Bitcoin.
◾️ Secretary Power Dr. Fakhray Alam Irfan revealed the IMF’s strict stance against targeted subsidies.
◾️ The move sparks uncertainty around the country’s crypto mining and reserve strategy.
🌐 As developing nations explore innovative ways to participate in the digital asset economy, global financial institutions like the IMF are still drawing hard lines.
#Bitcoin #Pakistan #IMF #CryptoMining #DigitalAssets
https://coingape.com/breaking-imf-blocks-pakistans-plan-to-subsidize-electricity-for-bitcoin-mining/?utm_source=bnb&utm_medium=coingape
🇵🇰 In a major roadblock to Pakistan’s ambitions of building Bitcoin reserves, the IMF has rejected a proposal to offer subsidized electricity tariffs for crypto mining.
🔍 Key Highlights:
◾️ Pakistan aimed to utilize surplus winter electricity to mine Bitcoin.
◾️ Secretary Power Dr. Fakhray Alam Irfan revealed the IMF’s strict stance against targeted subsidies.
◾️ The move sparks uncertainty around the country’s crypto mining and reserve strategy.
🌐 As developing nations explore innovative ways to participate in the digital asset economy, global financial institutions like the IMF are still drawing hard lines.
#Bitcoin #Pakistan #IMF #CryptoMining #DigitalAssets
https://coingape.com/breaking-imf-blocks-pakistans-plan-to-subsidize-electricity-for-bitcoin-mining/?utm_source=bnb&utm_medium=coingape
🇵🇰Pakistan's crypto mining plan hits roadblock as IMF pushes back🏄🦚
🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🚀The federal government has failed to get approval from the International Monetary Fund (IMF) for a plan to provide 2,000 megawatts of electricity at subsidised rates for Bitcoin mining✅.
🇵🇰Sources in the Power Division said the government presented this plan to the IMF in negotiations three times, but failed to convince the global financial institution🌹.
🚀The IMF argued that past experiences of providing cheap electricity under industrial status did not yield positive results and such concessions end up becoming a form of “tax holiday.”🚀
🇵🇰It raised concerns about the government’s strategy, questioning: if this electricity is provided at subsidised rates, what will be the plan to later sell the same electricity at market rates?🔥
🇵🇰Sources revealed that the government has also shared this presentation with the World Bank and other tripartite donors in an attempt to persuade the IMF🎉.
🇵🇰The government plans to offer electricity at up to Rs 24 per unit for Bitcoin mining, while currently, the country has a surplus of 7,000 megawatts of electricity, of which 2,000 megawatts are being considered for allocation to crypto mining.✅
🇵🇰The government maintains that the project could bring foreign exchange into the country and efforts are ongoing to convince the IMF to approve the proposal🇵🇰🎉🦚🏄#pakcryptocouncil #PCCLeadership #IMF #CryptoNews #OneBigBeautifulBill ✅🌹✅🌹✅🌹✅🚀✅🌹✅🌹✅🌹✅🚀✅🌹✅$ETH
$XRP
$SOL
🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🇵🇰🚀The federal government has failed to get approval from the International Monetary Fund (IMF) for a plan to provide 2,000 megawatts of electricity at subsidised rates for Bitcoin mining✅.
🇵🇰Sources in the Power Division said the government presented this plan to the IMF in negotiations three times, but failed to convince the global financial institution🌹.
🚀The IMF argued that past experiences of providing cheap electricity under industrial status did not yield positive results and such concessions end up becoming a form of “tax holiday.”🚀
🇵🇰It raised concerns about the government’s strategy, questioning: if this electricity is provided at subsidised rates, what will be the plan to later sell the same electricity at market rates?🔥
🇵🇰Sources revealed that the government has also shared this presentation with the World Bank and other tripartite donors in an attempt to persuade the IMF🎉.
🇵🇰The government plans to offer electricity at up to Rs 24 per unit for Bitcoin mining, while currently, the country has a surplus of 7,000 megawatts of electricity, of which 2,000 megawatts are being considered for allocation to crypto mining.✅
🇵🇰The government maintains that the project could bring foreign exchange into the country and efforts are ongoing to convince the IMF to approve the proposal🇵🇰🎉🦚🏄#pakcryptocouncil #PCCLeadership #IMF #CryptoNews #OneBigBeautifulBill ✅🌹✅🌹✅🌹✅🚀✅🌹✅🌹✅🌹✅🚀✅🌹✅$ETH
$XRP
$SOL
IMF Warns: Stablecoin Regulation Still in ‘Early Days’
IMF VP Li Bo cautions at Davos that stablecoin rules are still unfinished, urging global consensus .
Regulatory clarity remains distant.
#IMF #StablecoinRegulation #CryptoPolicy #Davos
IMF VP Li Bo cautions at Davos that stablecoin rules are still unfinished, urging global consensus .
Regulatory clarity remains distant.
#IMF #StablecoinRegulation #CryptoPolicy #Davos
⚠️ IMF: Stablecoin Regulation Still Has “Long Way to Go”
VP Li Bo says global stablecoin regulation is just starting, with many unresolved challenges.
Calls for consensus and innovation-friendly policies.
#IMF #StablecoinRegulation #CryptoPolicy
VP Li Bo says global stablecoin regulation is just starting, with many unresolved challenges.
Calls for consensus and innovation-friendly policies.
#IMF #StablecoinRegulation #CryptoPolicy
Morning News Update #Web3
🇺🇸 Eric Trump claims reasonable crypto regulation can modernize banking and position the U.S. as a global #crypto superpower.
💸 El Salvador plans to ease mandatory #Bitcoin adoption rules to unlock $3B in loans from the #IMF and other entities.
📉 #Bitcoin❗ struggles to stay above $100K after hitting an ATH of $103,800, with $250B wiped from the crypto market.
⚡ Circle to release CCTP V2 in early 2025, enabling faster, low-latency $USDC transfers on Ethereum, Base, and Avalanche.
📊 #ELONMUSK criticizes outdated U.S. government IT systems and suggests #blockchain could resolve IRS inefficiencies.
🇺🇸 Eric Trump claims reasonable crypto regulation can modernize banking and position the U.S. as a global #crypto superpower.
💸 El Salvador plans to ease mandatory #Bitcoin adoption rules to unlock $3B in loans from the #IMF and other entities.
📉 #Bitcoin❗ struggles to stay above $100K after hitting an ATH of $103,800, with $250B wiped from the crypto market.
⚡ Circle to release CCTP V2 in early 2025, enabling faster, low-latency $USDC transfers on Ethereum, Base, and Avalanche.
📊 #ELONMUSK criticizes outdated U.S. government IT systems and suggests #blockchain could resolve IRS inefficiencies.
See original
How can Bukele continue to accumulate Bitcoin after reaching an IMF loan agreement?
El Salvador seems to have contradicted its recent agreement with the IMF to stop public investment in Bitcoin.
El Salvador's President Nayib Bukele surprised industry observers on March 4 when he announced that his government would not stop buying Bitcoin, despite the International Monetary Fund's (IMF) demands.
In January, El Salvador signed a $1.4 billion loan agreement with the IMF on the condition that the country would cancel the adoption of Bitcoin and declassify it as a mandatory legal payment method.
On March 3, the IMF released a report outlining the terms of the agreement, noting that it would prohibit public accumulation of Bitcoin — meaning the government or government-controlled entities could not buy or mine Bitcoin. Bukele, seemingly defiant, stated that his country would continue to accumulate Bitcoin regardless.
The apparent conflict between Bukele's Bitcoin plan and the IMF's terms has raised questions about El Salvador's future Bitcoin accumulation and the potential consequences of the clash with the lending entity.
Bukele's recent Bitcoin purchases do not necessarily "conflict" with the IMF agreement
Among the many details in the documentation released by the IMF on March 3, there is a specific provision that has attracted the attention of Bitcoin supporters, which is "there will be no voluntary accumulation of Bitcoin by the public sector within the framework of the program." #IMF #Bukele
El Salvador seems to have contradicted its recent agreement with the IMF to stop public investment in Bitcoin.
El Salvador's President Nayib Bukele surprised industry observers on March 4 when he announced that his government would not stop buying Bitcoin, despite the International Monetary Fund's (IMF) demands.
In January, El Salvador signed a $1.4 billion loan agreement with the IMF on the condition that the country would cancel the adoption of Bitcoin and declassify it as a mandatory legal payment method.
On March 3, the IMF released a report outlining the terms of the agreement, noting that it would prohibit public accumulation of Bitcoin — meaning the government or government-controlled entities could not buy or mine Bitcoin. Bukele, seemingly defiant, stated that his country would continue to accumulate Bitcoin regardless.
The apparent conflict between Bukele's Bitcoin plan and the IMF's terms has raised questions about El Salvador's future Bitcoin accumulation and the potential consequences of the clash with the lending entity.
Bukele's recent Bitcoin purchases do not necessarily "conflict" with the IMF agreement
Among the many details in the documentation released by the IMF on March 3, there is a specific provision that has attracted the attention of Bitcoin supporters, which is "there will be no voluntary accumulation of Bitcoin by the public sector within the framework of the program." #IMF #Bukele
🚨 BREAKING: US Treasury Secretary Scott Bessent reveals Trump's intent to reconstruct the IMF and World Bank.
🌐 Major global financial shift on the horizon?
#IMF #WorldBank #Trump #GlobalFinance #USPolitics
🌐 Major global financial shift on the horizon?
#IMF #WorldBank #Trump #GlobalFinance #USPolitics
BIG NEWS:
The IMF just told El Salvador to STOP buying Bitcoin! 🇸🇻💸But wait — President Bukele? He’s STILL stacking sats! 🤯🔥
Is this a bold move toward financial independence or a risky bet on crypto? 🧐
What do YOU think — is El Salvador pioneering a financial revolution or playing with fire?
Drop your thoughts below! 👇💬
#bitcoin #ElSalvador #IMF #Finance #CryptoRevolution
The IMF just told El Salvador to STOP buying Bitcoin! 🇸🇻💸But wait — President Bukele? He’s STILL stacking sats! 🤯🔥
Is this a bold move toward financial independence or a risky bet on crypto? 🧐
What do YOU think — is El Salvador pioneering a financial revolution or playing with fire?
Drop your thoughts below! 👇💬
#bitcoin #ElSalvador #IMF #Finance #CryptoRevolution
🚨This is HUGEEE! IMF Just Called Bitcoin "Digital Gold"!
The International Monetary Fund (IMF) officially labeled Bitcoin as "digital gold." Let that sink in for a second.
This isn't some random *ss influencer talking - it's the IMF. They're finally acknowledging Bitcoin’s role as a genuine store of value, equivalent to gold but digital and borderless.
Why does this matter? Institutions, governments, and big money investors follow signals from organizations like the IMF. If they start seeing BTC as digital gold, the floodgates to mainstream adoption open even wider.
This is more than bullish - it’s historic. If you panic sold buy some vaseline and a candle cause you're about to get f.....ed even harder! #IMF #Bitcoin #BTC #DigitalGold #CryptoMarketNews $BTC
The International Monetary Fund (IMF) officially labeled Bitcoin as "digital gold." Let that sink in for a second.
This isn't some random *ss influencer talking - it's the IMF. They're finally acknowledging Bitcoin’s role as a genuine store of value, equivalent to gold but digital and borderless.
Why does this matter? Institutions, governments, and big money investors follow signals from organizations like the IMF. If they start seeing BTC as digital gold, the floodgates to mainstream adoption open even wider.
This is more than bullish - it’s historic. If you panic sold buy some vaseline and a candle cause you're about to get f.....ed even harder! #IMF #Bitcoin #BTC #DigitalGold #CryptoMarketNews $BTC
🔥Bitcoin Rebellion🔥 El Salvador's President Nayib Bukele Remains Committed; Refuses to Back Down‼️Adds 6 More $BTC Despite IMF Pressure: Will It Pay Off❓️
💥El Salvador's Bitcoin Strategy
El Salvador has been actively accumulating Bitcoin, with its total holdings now reaching 6,111.18 $BTC , valued at approximately $493 million. This move is despite pressure from the International Monetary Fund (IMF) to limit its exposure to the cryptocurrency.
💥IMF's Concerns
The IMF has been skeptical of El Salvador's Bitcoin $BTC adoption, citing financial and legal risks. The IMF's concerns are centered around the potential risks to the country's financial stability.
💥El Salvador's Commitment
However, El Salvador's President Nayib Bukele remains committed to his country's Bitcoin strategy, with plans to accelerate Bitcoin purchases and build massive reserves. The country's National Bitcoin Office has also announced plans to launch bond-backed Bitcoin and construct Bitcoin City, a tax-free crypto hub.
💥Benefits of Bitcoin Adoption
El Salvador's government believes that Bitcoin can help reduce remittance costs and increase financial inclusion. The country's Bitcoin reserves have already generated significant profits, with an initial investment of $269.74 million now valued at $603.34 million.
💥Global Implications
As El Salvador continues to defy the IMF's demands and accumulate more Bitcoin, it will be interesting to see how this affects the global cryptocurrency market. Will other countries follow El Salvador's lead, or will the IMF's concerns about Bitcoin's risks prevail? Only time will tell.
#ElSalvador #MarketPullback #IMF #CryptoMarketWatch #BTC
💥El Salvador's Bitcoin Strategy
El Salvador has been actively accumulating Bitcoin, with its total holdings now reaching 6,111.18 $BTC , valued at approximately $493 million. This move is despite pressure from the International Monetary Fund (IMF) to limit its exposure to the cryptocurrency.
💥IMF's Concerns
The IMF has been skeptical of El Salvador's Bitcoin $BTC adoption, citing financial and legal risks. The IMF's concerns are centered around the potential risks to the country's financial stability.
💥El Salvador's Commitment
However, El Salvador's President Nayib Bukele remains committed to his country's Bitcoin strategy, with plans to accelerate Bitcoin purchases and build massive reserves. The country's National Bitcoin Office has also announced plans to launch bond-backed Bitcoin and construct Bitcoin City, a tax-free crypto hub.
💥Benefits of Bitcoin Adoption
El Salvador's government believes that Bitcoin can help reduce remittance costs and increase financial inclusion. The country's Bitcoin reserves have already generated significant profits, with an initial investment of $269.74 million now valued at $603.34 million.
💥Global Implications
As El Salvador continues to defy the IMF's demands and accumulate more Bitcoin, it will be interesting to see how this affects the global cryptocurrency market. Will other countries follow El Salvador's lead, or will the IMF's concerns about Bitcoin's risks prevail? Only time will tell.
#ElSalvador #MarketPullback #IMF #CryptoMarketWatch #BTC
See original
El Salvador Continues to Accumulate Bitcoin Under IMF Agreement
According to Cointelegraph, El Salvador continues to expand its Bitcoin (BTC) reserves, despite an agreement with the International Monetary Fund (IMF) requiring the country to stop using public funds to purchase Bitcoin. Recent data from the Bitcoin Office of El Salvador shows that the country has purchased an additional seven BTC in the past week, bringing the total holdings to 6,173 BTC, worth over $637 million. This buyback strategy has continued unabated for several months after the IMF agreement was finalized, demonstrating El Salvador's commitment to its Bitcoin accumulation plan.
El Salvador Continues Bitcoin Accumulation Amid IMF Agreement
According to Cointelegraph, El Salvador persists in expanding its Bitcoin (BTC) reserves, despite an agreement with the International Monetary Fund (IMF) that requires the country to cease using public funds for Bitcoin purchases. Recent data from the El Salvador Bitcoin Office reveals that the nation acquired an additional seven BTC over the past week, increasing its total holdings to 6,173 BTC, valued at over $637 million. This acquisition strategy continues unabated months after the IMF agreement was finalized, indicating El Salvador's commitment to its Bitcoin accumulation plan.
$BTC
#IMF
$BTC
#IMF
El Salvador Adds to Bitcoin Reserves Despite IMF Pressure
El Salvador has further increased its Bitcoin reserves, acquiring 12 additional BTC, bringing the total holdings to 6,044 BTC. This move comes despite a $1.4 billion loan agreement with the International Monetary Fund (IMF) that includes conditions for reducing Bitcoin's role in the country's financial system.
President Nayib Bukele's administration has remained steadfast in its commitment to Bitcoin, even though private sector adoption of the cryptocurrency remains largely voluntary. The nation's current Bitcoin holdings are valued at over $617 million, representing a significant profit of $179 million since adopting Bitcoin as legal tender in 2021.
This latest purchase comes as Bitcoin recently reached a new all-time high of $109,000, solidifying El Salvador's position as a global leader in cryptocurrency adoption.
$BTC #MarketPullback #ElSalvador #IMF
President Nayib Bukele's administration has remained steadfast in its commitment to Bitcoin, even though private sector adoption of the cryptocurrency remains largely voluntary. The nation's current Bitcoin holdings are valued at over $617 million, representing a significant profit of $179 million since adopting Bitcoin as legal tender in 2021.
This latest purchase comes as Bitcoin recently reached a new all-time high of $109,000, solidifying El Salvador's position as a global leader in cryptocurrency adoption.
$BTC #MarketPullback #ElSalvador #IMF
See original
El Salvador remains steadfast in its Bitcoin accumulation despite the renewed IMF pressure to stop purchases.
#ElSalvador #IMF $BTC #WhiteHouseCryptoSummit
#ElSalvador #IMF $BTC #WhiteHouseCryptoSummit
IMF Releases Updated Guidelines for Digital Asset Classification
According to Foresight News, the International Monetary Fund (IMF) has released the seventh edition of its Balance of Payments and International Investment Position Manual (BPM7), outlining new standards for classifying and recording digital assets. The framework categorizes cryptocurrencies like Bitcoin, stablecoins, and blockchain platforms such as Ethereum and Solana into fungible and non-fungible tokens. Additionally, assets are classified based on whether they carry associated liabilities. Bitcoin and other tokens without liability backing are designated as non-productive non-financial assets and recorded in the capital account.
#BTC #IMF #ETH
$BTC $ETH $SOL
According to Foresight News, the International Monetary Fund (IMF) has released the seventh edition of its Balance of Payments and International Investment Position Manual (BPM7), outlining new standards for classifying and recording digital assets. The framework categorizes cryptocurrencies like Bitcoin, stablecoins, and blockchain platforms such as Ethereum and Solana into fungible and non-fungible tokens. Additionally, assets are classified based on whether they carry associated liabilities. Bitcoin and other tokens without liability backing are designated as non-productive non-financial assets and recorded in the capital account.
#BTC #IMF #ETH
$BTC $ETH $SOL
Login to explore more contents