The International Monetary Fund (IMF) is concerned about the increasing integration of cryptocurrency in global economies and is calling for a comprehensive approach towards crypto policies. The IMF believes that cryptocurrencies should not be granted the status of official currency or legal tender, as this could pose fiscal risks and potentially harm government finances.

The organization fears that the rising acceptance of cryptocurrency in everyday life could lead to uncontrollable rapid inflation, which could be a threat to financial stability. The IMF is urging for more clear-cut policies to protect investors and prevent abuse, especially in emerging markets and developing economies.

The organization's strategy incorporates three key pillars: defense against the replacement of sovereign currencies with crypto, not granting crypto assets official status, and proper integration of crypto within existing regimes and rules to manage capital flows.