Bitcoin Goes Mainstream—IMF Integrates Crypto Into Global Standards

Source Bitcoinist

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.

Mapping The Crypto Landscape

According to IMF reports, more than 160 nations came together to create a new framework that fills enormous gaps in monitoring digital asset flows. Cryptocurrency transactions, which are estimated to be in trillions of dollars every year, have long been unrecorded or irregularly reported.

Breaking Down Digital Assets

The guide proposes a comprehensive classification system for cryptocurrencies. Bitcoin, for example, will be accounted for as a non-produced, non-financial asset – the same way nations account for land or natural resource rights.

Stablecoins such as Tether will be identified as financial instruments, while crypto services like mining and staking will be classified under computer services exports.

Global Governments Take Notice

Two nations have taken significant steps in cryptocurrency governance. The United States has formed a strategic Bitcoin reserve, holding about 200,000 BTC for the most part obtained through lawful seizures. United States President Donald Trump signed an executive order blocking future sales of the assets.

Bitcoin’s National Experiment

In the meantime, El Salvador persists with its Bitcoin plan. The nation has amassed 6,125 BTC, worth approximately $538 million, even after inking a $1.4 billion deal with the IMF in December 2024 that called for restrictions on cryptocurrency transactions.

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. This methodology offers greater than ever transparency with which various nations are managing digital assets.

Community Reaction

The response of the crypto community has been varied. Some interpret the manual as a grand acknowledgment of Bitcoin’s stature, while others are warning that too much must not be made of the report. Max Keiser, Bitcoin adviser to Salvadoran president, asserted the IMF acknowledged Bitcoin as “digital gold” – but the IMF did not endorse any such status.

Cryptocurrency-using countries will be the ones to gain the most from these new reporting formats. In Nigeria alone, for instance, more than 35% of adults claim to use or possess cryptocurrencies, as revealed in a 2023 KuCoin report.

Though the guide does not give legal status to cryptocurrencies, it is an important step towards realizing their international economic significance. Banks and governments will be able to track and report cryptocurrency transactions across borders using clear and consistent methods.

The IMF upgrade marks an increasing recognition of cryptocurrencies as a significant element of the global finance system, despite controversies surrounding their future role.

Featured image from Gemini Imagen, chart from TradingView

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
What Crypto Whales are Buying For May 2025Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
Author  Beincrypto
Apr 21, Mon
Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).
placeholder
Gold Price Forecast: XAU/USD attracts some sellers below $3,250 on firmer US DollarThe Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand. 
Author  FXStreet
May 01, Thu
The Gold price (XAU/USD) extends the decline to around $3,245 during the early Asian session on Thursday. The precious metal edges lower to near a two-week low amid easing US-China trade tensions and stronger US Dollar (USD) demand. 
placeholder
Ripple Price Prediction: XRP signals breakout as spot ETF prospects brightenRipple (XRP) price remains firmly supported at $2.20, while trading at $2.22 at the time of writing on Friday.
Author  FXStreet
18 hours ago
Ripple (XRP) price remains firmly supported at $2.20, while trading at $2.22 at the time of writing on Friday.
placeholder
Gold looks set for weekly loss as news of trade talks curb haven demandGold (XAU/USD) trades around $3,250 on Friday,  recovering slightly from two-week lows after three straight days of losses. The losing streak that took place this week was the sum of a whole package of headlines that all had one theme in common: easing on tariffs. 
Author  FXStreet
18 hours ago
Gold (XAU/USD) trades around $3,250 on Friday,  recovering slightly from two-week lows after three straight days of losses. The losing streak that took place this week was the sum of a whole package of headlines that all had one theme in common: easing on tariffs. 
placeholder
Could XRP ETF Approval Be Near? Ripple To Meet SEC Chair Paul Atkins On May 2As positive shifts in cryptocurrency regulation unfold under President Donald Trump’s second administration, speculation is mounting regarding the potential approval of spot XRP ETF applications. 
Author  Bitcoinist
18 hours ago
As positive shifts in cryptocurrency regulation unfold under President Donald Trump’s second administration, speculation is mounting regarding the potential approval of spot XRP ETF applications. 
goTop
quote