IMF Advises Against Crypto as Legal Tender in Marshall Islands Report
The IMF says the Republic of the Marshall Islands should reconsider introducing a cryptocurrency as a second legal tender over perceived risks.
Algorand was selected following "extensive market research among the leading protocol options."
The Marshall Islands is moving ahead with a plan to issue a sovereign currency built on blockchain, writes Minister David Paul.
One bitcoin could buy you a week-long getaway with 15 friends at the Beran Island Resort.
The Marshall Islands has set up a not-for-profit organization to oversee the Pacific nation's digital legal tender, the SOV.
Swiss crypto wallet maker Tangem says the Marshall Islands has selected it to produce physical "notes" for its planned national digital currency.