The Marshall Islands, the remote archipelago in the Pacific best known for its shipping industry and home to 53,000 people, is developing plans to introduce its own digital currency which, unlike similar cryptocurrencies now available in many countries, will be legal tender for citizens and businesses on the island. The new currency is called Sovereign or SOV which will be used alongside with the USD. Know more by joining the SOV official Telegram group: https://t.me/officialsov
Marshall Islands 1st country to launch own cryptocurrency as legal tender
by
Crypto_loca
on 11/09/2018, 13:07:42 UTC
The Marshall Islands has put a bill in place to make a cryptocurrency named the Sovereign (SOV) its national legal currency. The development is particularly interesting because, as the legal tender of a non-sanctioned UN member country, global financial institutions (banks and credit card companies) are obligated to accept it. The country will continue to use the US dollar alongside the SOV. Know more by joining the SOV official Telegram group: https://t.me/officialsov
What you've pointed out is actually true. I have noticed it in some other forum as well! It's irritating sometimes how people don't take time to read the entire post including the date it has been posted.
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