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IMF Recommends Marshall Islands to Stay Away From Issuing Crypto

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Tue, 11/09/2018 - 12:40
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IMF Recommends Marshall Islands to Stay Away From Issuing Crypto
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In winter, the Marshall Islands adopted a bill intending to launch a sovereign virtual coin in order to support their economy and protect it from risks to do with being not connected to the world’s financial system.

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The IMF believes that the region must not replace the USD with an electronic coin, since the the country lacks proper anti-money laundering regulations and this could ultimately cause the Marshall Islands to lose its banking connections with the US.

The European regulator recommends against the adoption of crypto on the Marshall Islands.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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