The International Monetary Fund (IMF) has officially included Bitcoin in its new manual edition, marking a significant milestone for cryptocurrencies.
IMF's Struggle with Crypto Assets: From Caution to Acceptance
Over 12 years, the IMF has evolved from a cautious observer to an active participant in the crypto market. Since its first encounter with crypto assets in 2013, the organization has been analyzing their impact and striving to address the challenges of the digital economy. Key events include the release of a series of reports and the creation of regulatory frameworks for cryptocurrencies and related technologies.
Cryptocurrencies' Inclusion into the Global Economic Monitoring System
Now, cryptocurrencies like Bitcoin have gained official recognition and will be considered assets alongside other financial instruments. Fully decentralized cryptocurrencies are equated with gold on central banks' balance sheets, while stablecoins and platform tokens are treated as financial instruments and assets, similar to stocks and bonds.
Conclusion
With the installation of a digital screen for cryptocurrency price tracking at the IMF headquarters, a new era in financial history begins. This step confirms that the future of the monetary system and economy is linked to blockchain technologies.
The official recognition of cryptocurrencies in the global economic monitoring system reflects their importance and impact on the future of the financial system.
