IMF warns Marshall Islands on digital projects
Local plans for digital currency and economic zone trigger concern at fund
The International Monetary Fund counselled the Marshall Islands to halt two digital initiatives, saying these posed “financial stability and integrity risks”.
The Pacific-Island nation and former US territory passed legislation for a digital currency, the sov, in 2018, during the presidency of Hilda Heine. More recently, the legislature has considered establishing a Digital Economic Zone (DEZ) on an almost uninhabited island.
According to the law authorising the sov, it is a “digital
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