The International Monetary Fund (IMF) has issued regulations to monitor Bitcoin and other virtual currencies.
The IMF has created a new framework with more than 160 nations to fill gaps in monitoring digital asset flows.
A comprehensive classification system for cryptocurrencies has been proposed, with Bitcoin being classified as a non-produced, non-financial asset.
The regulations aim to bring transparency to how different nations manage digital assets and allow for tracking and reporting of cryptocurrency transactions across borders.