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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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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