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IMF Updates Global Standards, Cryptocurrency Officially Incorporated into the Balance of Payments SystemOn March 20, the International Monetary Fund (IMF) released the seventh edition of the Balance of Payments Manual (BPM7), which for the first time incorporates cryptocurrency into global economic statistical standards to address the growing impact of digital assets on the economy. The core standard of this framework is to classify debt-free tokens like Bitcoin (BTC) as non-financial capital assets, while those stablecoins supported by debt are regarded as financial instruments. Bitcoin is regarded as a non-financial capital asset. The IMF's new manual also categorizes digital assets into fungible tokens (like Bitcoin) and non-fungible tokens (like NFTs), further distinguishing them based on whether they have corresponding liabilities.

IMF Updates Global Standards, Cryptocurrency Officially Incorporated into the Balance of Payments System

On March 20, the International Monetary Fund (IMF) released the seventh edition of the Balance of Payments Manual (BPM7), which for the first time incorporates cryptocurrency into global economic statistical standards to address the growing impact of digital assets on the economy.

The core standard of this framework is to classify debt-free tokens like Bitcoin (BTC) as non-financial capital assets, while those stablecoins supported by debt are regarded as financial instruments.
Bitcoin is regarded as a non-financial capital asset.
The IMF's new manual also categorizes digital assets into fungible tokens (like Bitcoin) and non-fungible tokens (like NFTs), further distinguishing them based on whether they have corresponding liabilities.
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