Crypto-asset surge poses risks to monetary policy, IMF warns

Author: NwaforPublished on: June 17, 2026Country: Nigeria

Business & Economy

Crypto-asset surge poses risks to monetary policy, IMF warns

The International Monetary Fund (IMF) has warned that rising use of dollar-backed stablecoins in Nigeria could undermine monetary policy effectiveness and financial stability. Citing Chainalysis’ 2024 Global Crypto Adoption Index, Nigeria received $59 billion in crypto inflows from July 2023 to June 2024, ranking second globally. The IMF advises against banning stablecoins, recommending a balanced regulatory approach instead.

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