Brazil Central Bank Adopts IMF guidelines for Crypto Classification
IMF Crypto Classifications
Crypto assets are categorized into two types: (i) BLCAs and (ii) crypto assets other than BLCAs (digital tokens).
can be classified into four types depending on their underlying economic function, as follows
a) Payment tokens
: those intended to become BLCAs and to be used universally (i.e., not restricted to a specific platform) as units of account, store of value, and means of payment (e.g., Litecoin).
b) Utility tokens
: those designed to provide the holders future access to services by means of a DLT-based application. Examples of such applications are those for file storage, social messaging, and trading (e.g., Ether, Binance coin, and Filecoin12)
c) Asset tokens
: those representing debt or equity claims on the issuer. They generate interest to the holder or promise a share in the future earnings of the company, respectively.
d) Hybrid tokens
: those that are part utility and part asset or payment token