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Marshall Islands warned to cancel its ICO or be denied international aid

Tuesday, September 11, 2018 by Piyush Suthar | Comments

Home News Tech Marshall Islands warned to cancel its ICO or be denied international aid

The Marshall Islands is launching its own cryptocurrency to boost its economy, but it might have run into a brick wall. The International Monetary Fund (IMF) issued a stark warning: cancel the ICO or face being cut off from the US dollar. The Republic of the Marshall Islands (RMI) is small and remote. It is a sovereign nation, but uses the US dollar for its national currency. An initial coin offering (ICO) is planned that will launch a new cryptocurrency, to be used alongside the US dollar. The IMF say that the RMI is “[taking advantage] of the growing enthusiasm for…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


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