The IMF warns Marshall Islands about adopting cryptocurrency as legal tender

RegulationSeptember 12, 2018, 2:07PM EDT
The IMF warns Marshall Islands about adopting cryptocurrency as legal tender
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The U.S.-based agency warned the Republic of the Marshall Islands that adopting cryptocurrency as legal tender would pose risks to the country's economy, reputation, and governance structure. According to the IMF, the Marshall Islands would run the risk of losing the "last U.S. dollar correspondent banking relationship," if it moves ahead with the adoption. (Source: Cointelegraph)


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