The International Monetary Fund (IMF) is to update how countries should register and classify their international economic transactions. The new manual, known as BPM7 (payments and manual for international investment position – seventh edition), brings an important news: firstdigital assets, Including BitcoinGet specific treatment in the worldwide standards of official macro -economic statistics.
This update reflects the growing impact of digitization on global financial systems.
Cryptocurrencies, Digital Central Banks (CBDCS), electronic money and digital financial platforms are now in the radar of national accounts.
“Bitcoin is an active that does not represent anyone’s fault,” says FMI
In the document, the Bitcoin It is cited as an example of fungi digital assets, that is, it can be exchanged for another of the same value and divided into smaller parts.
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In contrast to electronic money, which is a liability of the issue and always linked to a state currency, Bitcoin does not represent anyone’s fault.
That is why it is classified as a non -finance active that is not produced, that is, something with value, but not generated within the traditional productive economy.
Cryptocurrency brokers also receive attention
The manual also draws attention to the progress of digital financial platforms. Such companies work completely online, without being financial intermediaries in the classical sense.
They connect those who want to invest with those who need credit, move donations, facilitate loans between people and operate crypto bags – all without taking on the assets or liabilities involved. The function of these platforms is to offer service, not intervening sources in their own name.
The inclusion of these themes in the BPM7 manual shows that the IMF recognizes the maturity of the digital economy.
Moreover, the Presence of Bitcoin and other cryptors in a global reference technical document signals that decentralized finances are no longer marginalBut part of the debate about measuring and understanding the functioning of the modern economic system.
Although the manual is still in a draft version, the fact of cryptors such as Bitcoin technical definitions and their own space represents a decisive step.
Nasty Governments, central banks, official statistics and investors, this means that the scenario for regulatory and accounting skills adapts to the new reality – Where the value can also be digital, decentralized and included in blockchain.
The document was released last Thursday by the IMF communication department (20).
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
