Marshalls President to Face No-Confidence Motion for Creating a Sovereign Crypto Currency Criticized by the IMF and the U.S Government-5.19

Marshall Islands President Hilda Heine’s plans to create a cryptocurrency that would function as a legal tender could be frustrated by the efforts of eight senators from the country who joined together to present a no-confidence motion after the IMF, and the United States expressed their disagreement.

According to news from Radio New Zealand, Senator Casten Nemra presented a list of criticisms of Ms. Heine’s management. Among these, he remarked that the promotion of cryptocurrencies had caused discomfort to certain organizations such as the IMF and the US Treasury Department:

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