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2019-11-30 21:54:18

IMF wants to add Georgian Bitcoin exports in foreign trade balance

The Georgian Bitcoin exports have sparked a new debate. The International Monetary Fund (IMF) and Georgia saga continue with a cryptocurrency twist. The country is grappling with regulatory issues, and the IMF is taking matters seriously. Now, it has suggested that Georgia adds the income it generates from cryptocurrency mining and trading operations into its foreign trade balance figure. Georgia has extensive cryptocurrency operations going on its soil. Statistically, it stands at fourth place globally in digital currency mining operations. So, the IMF suggestion is only relevant given the context of substantial mining-related income generated by Georgian Bitcoin exports. The