International Monetray Fund

Factors such as low credibility of central banks and weak domestic banking systems that can fuel "dollarization" can also contribute to growing crypto use, IMF added.

In its 70-year history, the International Monetary Fund has been no stranger to financial crises and policy disputes but now faces a new challenge, a US administration fundamentally opposed to some of its most important positions.

Euro zone leaders agreed in principle on June 29 to establish a joint banking supervisor, although most of the crucial details remain to be worked out.

Factors such as low credibility of central banks and weak domestic banking systems that can fuel "dollarization" can also contribute to growing crypto use, IMF added.

In its 70-year history, the International Monetary Fund has been no stranger to financial crises and policy disputes but now faces a new challenge, a US administration fundamentally opposed to some of its most important positions.

Euro zone leaders agreed in principle on June 29 to establish a joint banking supervisor, although most of the crucial details remain to be worked out.