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IMF recognizes Bitcoin in new global money standards
Current version
Proposed edits
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Publish date
Publish date
2025
03
21
12
:00
am
Description
Description
The IMF has updated its global financial reporting standards to include cryptocurrencies like Bitcoin in its balance of payments framework for the first time.
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Name
IMF recognizes Bitcoin in new global money standards
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Cover
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The IMFs BM7 framework classifies Bitcoin and other cryptocurrencies without liabilities as non-produced, non-financial assets, while stable coins and crypto assets with liabilities are treated as financial instruments. The IMFs BM7 framework classification ensures that bitcoin is recorded in capital accounts, and stable coins are accounted for like traditional financial holdings.
Current version
Proposed edits
Name
Name
The IMFs BM7 framework classifies Bitcoin and other cryptocurrencies without liabilities as non-produced, non-financial assets, while stable coins and crypto assets with liabilities are treated as financial instruments. The IMFs BM7 framework classification ensures that bitcoin is recorded in capital accounts, and stable coins are accounted for like traditional financial holdings.
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The IMF’s BPM7 framework classifies crypto staking rewards and mining activities as economic services in global balance of payments accounting. These activities are now treated as service exports and imports, integrating them into national income accounting.
Current version
Proposed edits
Name
Name
The IMF’s BPM7 framework classifies crypto staking rewards and mining activities as economic services in global balance of payments accounting. These activities are now treated as service exports and imports, integrating them into national income accounting.
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The IMF’s classification of Bitcoin as a non-financial asset contrasts with the "digital gold" narrative, as the BPM7 places Bitcoin in a similar category to intellectual property or spectrum licenses.
Current version
Proposed edits
Name
Name
The IMF’s classification of Bitcoin as a non-financial asset contrasts with the "digital gold" narrative, as the BPM7 places Bitcoin in a similar category to intellectual property or spectrum licenses.
Types
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The IMF’s BPM7 framework was developed after extensive discussions with central banks, global institutions and financial authorities with the aim of establishing a standardized framework that aligns with existing economic reporting while accommodating the unique characteristics of cryptocurrencies.
Current version
Proposed edits
Name
Name
The IMF’s BPM7 framework was developed after extensive discussions with central banks, global institutions and financial authorities with the aim of establishing a standardized framework that aligns with existing economic reporting while accommodating the unique characteristics of cryptocurrencies.
Types
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The IMF’s new BPM7 classification system treats colony tokens with a protocol or platform, such as Ethereum and Solana, as equity-like holdings when held across borders, or by foreign investors.
Current version
Proposed edits
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Name
The IMF’s new BPM7 classification system treats colony tokens with a protocol or platform, such as Ethereum and Solana, as equity-like holdings when held across borders, or by foreign investors.
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The IMF has released a new Balance of Payments Manual (BPM7) updating global financial standards to formally recognize Bitcoin and other crypto currencies as non-produced, non-financial assets.
Current version
Proposed edits
Name
Name
The IMF has released a new Balance of Payments Manual (BPM7) updating global financial standards to formally recognize Bitcoin and other crypto currencies as non-produced, non-financial assets.
Types
Types