The International Monetary Fund (IMF) is getting tougher on cryptocurrencies. The IMF strongly opposes cryptocurrencies as official currencies or legal tender, concerned that the widespread use of digital assets in the global economy may bring risks and unpredictable inflation to government finances.
To this end, the IMF calls for comprehensive, consistent and coordinated policy measures to ensure monetary sovereignty, investor interests and financial stability.
The IMF proposed three pillars: preventing digital assets from replacing sovereign currencies, not granting cryptocurrencies official currency or legal tender status, and properly integrating cryptocurrencies within existing systems and rules.