Crypto assets without a counterpart liability designed to act as a medium of exchange (e.g., Bitcoin) are treated as non-produced nonfinancial assets and recorded separately in the capital account
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IMF updates global standards to include crypto in balance of payments
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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.
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