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IMF Unveils New Framework for Tracking Cryptocurrency Transactions Globally

  • A new framework has been unveiled by the IMF to track cryptocurrency transactions globally.
  • Over 160 countries have collaborated to develop this framework to address the lack of reporting on cryptocurrency transactions.
  • Bitcoin will be classified as a non-financial asset, while stablecoins like Tether will be treated as financial instruments.
  • The new regulations aim to provide greater transparency and integrate digital assets into the global financial system.

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