IMF Report Including Bitcoin and Altcoins: New Classification Made! - Coin Bulletin

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The IMF has included digital assets in global economic statistics. Bitcoin (BTC) and other cryptocurrencies are now classified as non-issuance assets with this updated guideline.

The International Monetary Fund (IMF)**, in its new Balance of Payments Manual published on March 20, has made a significant change in the seventh edition of the Balance of Payments Manual considering the increasing impact of digital assets on the economy. Now, cryptocurrencies like Bitcoin (BTC) will be considered as “non-produced, financial assets.” Some tokens will be traded as stock-like assets.

The new classification of digital assets allows Bitcoin and similar tokens to fall into the category of "capital assets" as assets that are not linked to debt. However, assets supported by debt, such as stablecoins, are evaluated as financial instruments. The IMF explains this situation as follows: "Digital assets, if there is no corresponding debt obligation and designed as a medium of exchange, for example, Bitcoin, are considered non-productive financial non-assets and recorded separately in the capital account."

(# New regulation: Stock-like tokens

In the IMF's new guidelines, tokens associated with platforms such as Ethereum or Solana )SOL( will be classified as equity-like assets in financial accounts if their owner resides in another country. For example, if an investor in the United Kingdom holds Solana tokens issued from the US, this will be recorded as "equity cryptocurrency assets".

)# Staking and mining: New economic impacts

The IMF, which also addressed staking and yield-generating cryptocurrency activities, stated that the rewards obtained from such activities should be recorded as current account revenues, similar to stock dividends, based on their size and purposes. Additionally, the verification processes for cryptocurrency asset transfers will be considered as service production such as mining or staking and will be added to the export and import of computer services.

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