Despite a push from the International Monetary Fund to scrap the project, the plans for the CBDC are full steam ahead.
Marshall Islands’ central bank digital currency will launch on Algorand blockchain.
The island nation aims to reduce its reliance on the US dollar, which is currently its national currency.
The IMF previously warned against the project.
Continue reading: https://decrypt.co/21069/marshall-islands-issue-digital-currency-algorand-blockchain
