Live Updates > Live Update Details
2025-08-01 17:45:00
[Global Economic Accounting Standards Undergo Major Changes, Officially Including Crypto Assets?] ⑴ The International Monetary Fund (IMF) announced that the System of National Accounts (SNA), the standard for measuring global economic activity, will be updated. ⑵ This update will more comprehensively incorporate emerging technologies, digital services, and intangible assets to accommodate the development of the digital economy. ⑶ A key change is that certain crypto assets will be included in the SNA and classified as "non-produced, non-financial assets." ⑷ Although crypto assets represent a relatively small portion of global assets, their impact on financial stability, taxation, and regulation cannot be ignored. ⑸ Statisticians have found ways to reflect such assets in national wealth, but because they do not involve the creation of goods or services, they are not included in gross domestic product (GDP). ⑹ The revised new standard is expected to be implemented globally between 2029 and 2030. ⑺ In addition, the SNA recommends that countries develop a set of indicators covering areas such as artificial intelligence, cloud computing, digital intermediary platforms, and e-commerce to better reflect the full scope of the digital economy. (Refinitiv)
