Cross-border transactions on crypto assets are already relevant and have already had a considerable impact on the domestic economy of some countries. For example, last month, the Central Bank of Brazil (BACEN) reviewed the Brazilian Trade Balance for crypto assets with new classifications under IMF standards.
In Georgia, for example, which accounts for about 15% of global Bitcoin (BTC) mining, companies receive an estimated $700 million from Bitcoin mining annually. This represents about 5% of the country’s GDP, or 10% of exported goods and services.