AsianFin -- The International Monetary Fund (IMF) has overhauled its balance of payments standards to reflect the growing impact of digital assets.
The cryptocurrencies like Bitcoin (BTC) are now classified as non-produced nonfinancial assets, while certain tokens are treated akin to equity holdings, according to the newly released Balance of Payments Manual, Seventh Edition (BPM7).
The updated manual, published on March 20, marks the first time the IMF has integrated detailed guidance for digital assets into its global statistical standards.
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