International Monetary Fund (IMF) released the seventh edition of the "Balance of Payments Manual" (BPM7) on March 20, for the first time including digital assets such as cryptocurrencies in the global economic reporting framework, marking the first update to the manual since 2009. According to the new framework, digital assets are divided into fungible tokens and non-fungible tokens, and further classified based on whether they carry related liabilities:
- Assets without endorsement such as Bitcoin are classified as non-productive non-financial assets, categorized under the capital account;
- Digital currencies supported by liabilities such as stablecoins are considered financial instruments;
- Platform tokens like ETH and SOL, if held across borders, may be classified as quasi-equity instruments;
- Staking and cryptocurrency yield activities are considered sources of dividend income;
- Mining and staking related services are recognized as exportable computer services. (CrowdFund Insider)
The IMF plans to promote the widespread adoption of BPM7 and the latest national accounting system by 2029-2030.
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