The International Monetary Fund (IMF) has identified climate change and decentralized autonomous organizations (DAOs) as potential threats to the Republic of Marshall Islands. Therefore, the IMF urges reforms in light of these challenges. On July 9, the IMF published its disclosure titled “Republic of the Marshall Islands: Concluding Statement of the 2023 Article IV Consultation…
Read more
The Republic of the Marshall Islands has announced it will allow decentralized autonomous organizations (DAOs) to become legal entities. At the time of writing, only one DAO has successfully incorporated in the country. DAOs Will Be Allowed to Register as Legal Entities The Republic of the Marshall Islands (RMI) has said it will allow decentralized…
Read more
Thanks to COVID measures, the local economy may not recover until 2022. A representative for the International Monetary Fund has said the Marshall Islands’ digital sovereign currency would currently pose a risk to the islands’ financial stability. Following a March consultation, International Monetary Fund, or IMF, representative Yong Sarah Zhou said the issuance of the…
Read more
