The International Monetary Fund (IMF) has warned G-20 countries that widespread adoption of crypto assets could cause banks to lose deposits and reduce lending, CoinDesk reported. The IMF’s report on the “Macro-Financial Impact of Encrypted Assets” submitted at a meeting held in India in February pointed out that the widespread proliferation of encrypted assets has brought significant impacts on the effectiveness of monetary policy, exchange rate management, and capital flow management measures, as well as fiscal sustainability. a huge risk. In addition, it could lead to the need to change central bank reserve holdings, as well as the global financial safety net, creating potential instability. In the end, banks could lose deposits and have to cut back on lending. The report also said that despite significant risks, cryptoassets have developed technologies that the public sector can leverage to achieve their own policy goals.