Bitcoin Goes Mainstream—IMF Integrates Crypto Into Global Standards

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Bitcoinist 22h ago

Bitcoin Goes Mainstream—IMF Integrates Crypto Into Global Standards - Bitcoinist

Quick Summary:

Global regulators have set the first set of wide-ranging rules to measure cryptocurrency transactions, reflecting a major transformation in the reporting of digital assets’ movements at the national level.

The International Monetary Fund has recently issued its seventh Balance of Payments Manual, bringing forth uniform regulations to monitor Bitcoin and other virtual currencies.

These national cryptocurrency reserves, as per the new guidance from the IMF, will now be monitored in the same manner as cross-border land acquisitions or spectrum license purchases.