The International Monetary Fund will incorporate cryptocurrencies into the balance of payments
ChainCatcher news, according to Cryptoslate, reports that the International Monetary Fund (IMF) has included cryptocurrencies such as Bitcoin (BTC) in the latest edition of the Balance of Payments Manual, 7th edition (BPM7).According to the IMF's new standards, Bitcoin and similar cryptocurrencies are now classified as non-produced assets in global economic statistics. The updated manual was released on March 20, marking the first time the IMF has incorporated detailed guidance on digital assets into its global statistical standards.The framework categorizes digital assets into fungible tokens and non-fungible tokens, and further distinguishes them based on whether they have corresponding liabilities. Bitcoin and similar non-liability tokens are classified as capital assets, while stablecoins backed by liabilities are considered financial instruments.According to the IMF: "Cryptographic assets without corresponding liabilities that are intended to serve as a medium of exchange (e.g., Bitcoin) are regarded as non-produced non-financial assets and are recorded separately in the capital account."