IMF Says Bitcoin Remains 'Off the Books'
Main Idea
The IMF notes that Bitcoin remains largely 'off the books' despite its significant energy consumption, and digital assets will now be included in GDP calculations under the new System of National Accounts 2025 (2025 SNA).
Key Points
1. Bitcoin, despite using as much electricity as Argentina, remains mostly 'off the books' in national accounting.
2. The System of National Accounts 2025 (2025 SNA) will include digital assets like Bitcoin in GDP calculations.
3. The update was approved by the United Nations Statistical Commission and other organizations.
4. The IMF urges policymakers to implement the new standard for national accounting.
5. The 2025 SNA update also covers other digital economy sectors like AI, e-commerce, and cloud computing.
Description
Cryptocurrencies will be counted toward GDP data, according to a recently approved standard
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