The International Monetary Fund took a seemingly tough stance toward growing crypto adaptation with a set of recommendations for member countries and a call for a "coordinated response."

"The widespread adoption of crypto assets could undermine the effectiveness of monetary policy, circumvent capital flow management measures, and exacerbate fiscal risks," the organization said in a statement, referencing a discussion about crypto policies its executive board had earlier this month.

The organization also said that member countries could mitigate risks posed by crypto by working to strengthen digital infrastructure and "alternative solutions" for cross-border payments and finance.