Representational image President Tommy Remengesau Jr. said there is no truth to the claim that an online cryptocurrency firm, which popped up days before the visit of Taiwan President Tsai Ing-wen, is a government-backed venture. The company called the Palau Coin described itself as a “blockchain technology-based decentralized digital currency of the Palau Tourism Environmental […]
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Cryptocurrency could pose financial integrity risks sans careful assessment: IMF
Palau must take careful assessment on any cryptocurrency-related plans as these might pose “significant financial integrity risks”, according to the International Monetary Fund (IMF) 2018 Article IV Mission report. Ms. Yuko Kinoshita, Deputy Division Chief of the Asia and Pacific Department of the IMF, told the media that there is a need for Palau to […]