Why the Marshall Islands Is Doing a Pre-Sale for Its National Cryptocurrency
A small island country in the Pacific has plans to launch its own government-issued cryptocurrency called the Marshallese sovereign (SOV). It was revealed Wednesday at CoinDesk’s Invest: Asia event that the Republic of the Marshall Islands (RMI) would be introducing the SOV through a forthcoming token pre-sale.
Neema CEO: Marshall Islands Digital Currency Needs Work to Satisfy US Regulatory Concerns
The Marshall Islands’ government upcoming digital currency, which will be launched in partnership with Israeli startup Neema, still needs work in order to placate United States financial regulators. English-language Israeli media The Times of Israel reported on the currency’s progress on March 9.
Marshall Islands President Survives Crypto-Infused No-Confidence Vote
This Pacific Island may get its national cryptocurrency after all. Marshall Islands President Hilda Heine has eked out a no-confidence vote that threatened not only to derail her presidency but also the fate of the Sovereign (SOV), a national cryptocurrency spearheaded by her administration.
Marshall Islands President Faces No Confidence Vote Due to National Crypto Plans
The President of the Republic of the Marshall Islands Hilda Heine faces a vote of no confidence due to her administration’s plans to introduce a national digital currency, Radio New Zealand News (RDZ) reported Nov. 5.
IMF Advises Against Crypto as Legal Tender in Marshall Islands Report
The International Monetary Fund (IMF) has advised against the Republic of the Marshall Islands' plan to introduce a digital currency as a second legal tender alongside the U.S. dollar.
The Marshall Islands replaces the US dollar with its own cryptocurrency
The Marshall Islands made its own cryptocurrency, doing away with the US dollar. The government has signed the change into law, making the “sovereign” its new official cryptocurrency, as spotted by CNBC Africa cryptocurrency trader host Ran Neuner on Twitter yesterday.
How the Marshall Islands Sovereign Cryptocurrency Came About
The cryptocurrency community is full of entrepreneurial people who think they can change the world. From challenging financial and tech giants to attempting to establish sovereign micro-nations, nothing is beyond their reach. A recent example shows they can even successfully convince countries to issue their own cryptocurrency.