The International Monetary Fund updates global standards to include Bitcoin – Dennis Porter scans the “digital gold” confusion
Recently, the International Monetary Fund (the International Monetary Fund) has updated its balance standards for its payments to calculate the increasing importance of digital assets. For the first time, cryptocurrency such as Bitcoin (BTC) is officially recognized in global economic reports.
Ashcrypto analyst, posted on X (previously Twitter) shared Claim The International Monetary Fund has called Bitcoin “digital gold”. This created a stir in the encryption community. However, Dennis Porter, a known voice in space, asked quickly this interpretation, asking, “Can anyone refer to where the International Monetary Fund says that Bitcoin is” digital gold “?”
After diving in the International Monetary Fund statement, Dennis explained the source of confusion. The International Monetary Fund has actually referred to Bitcoin as “new digital assets designed to be used as a means of payment or work as a value store.”
He pointed out that the phrase “designed to be” is very important here, and this does not necessarily mean that the International Monetary Fund officially supports Bitcoin as “digital gold” or guarantees its stability or value like gold. It comes to identifying Bitcoin’s capabilities, not confirming it as a proven origin.
The idea of ”Value Store” is discussed for Bitcoin due to its fluctuations. Unlike gold, which has a long history of stability, the Bitcoin price can greatly fluctuate.
The latest International Monetary Fund for Payments (BPM7) now includes encrypted currencies such as Bitcoin (BTC) in its global economic framework. This is the first time that the International Monetary Fund provides clear guidelines on how to track digital assets in global financial statistics, which represents a great step for encryption in the financial world.
The encryption is classified as bitcoin as unproductive capital assets, while stablecoins is treated as financial tools. The update also changes how cross -border encryption transactions, mining, mining, with mining and tricks are now registered as services in computer services/imports in the country.
This update is a big step in officially recognizing digital assets as part of the global economy, which helps to track and organize it better in the future.
