The International Monetary Fund (IMF) recognizes the need to consider Bitcoin and cryptocurrencies when measuring economic growth. In its latest publication, the organization reveals the importance of cryptocurrencies and emerging technologies in global finance.
Measuring crypto from a public policy perspective
According to the IMF, it has become essential to evaluate cryptocurrencies from a public policy perspective, which could have significant implications for future financial stability, tax policy, and regulatory oversight. The IMF used comparative analysis to demonstrate the importance of this technology, noting that Bitcoin mining alone consumes as much electricity as Argentina.
Citing the new System of National Accounts (SNA), the global standard for creating indicators of economic activity, the IMF emphasized the need for countries to adopt ways to report on cryptocurrency activity and its impact. The new SNA will fully incorporate emerging technologies, digital services and intangible assets, according to the IMF report.
Thinking about broader digital transformation
In addition to reporting on cryptocurrencies, the IMF is also expanding its consideration to broader areas, including digital transformation across a variety of industries and products. Based on the new SNA recommendations, countries will have to develop a set of indicators covering several areas such as AI, cloud computing, digital intermediation platforms, and e-commerce.
Meanwhile, the updated SNA addresses critical issues affecting global finance and recommends improved ways to understand financial risks and vulnerabilities. Recognizing the increasing risks associated with non-bank financial institutions, non-bank financial institutions are now playing a greater role in the global financial ecosystem.
Bitcoin leads a new era of digitalization
It is worth noting that Bitcoin, despite its high volatility and unpredictability as an asset, has led the way in a new era of digitalization. Cryptocurrencies, along with their underlying technology, have sparked a wave of digital invention over the past 15 years, leading to the reshaping of global finance in a new financial era.
Bitcoin’s latest move highlights the digital asset’s characteristic volatility, with it plummeting more than 16% over the past five days and trading below $76,500 for the first time since April 2025, according to TradingView data.
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