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Topic: Marshall Islands 1st country to launch own cryptocurrency as legal tender (Read 114 times)

newbie
Activity: 56
Merit: 0
Well done! Such actions will make their economies developed in the future, and the country will feel the first the improvement of life.
member
Activity: 331
Merit: 12
Look at this article: https://www.bloomberg.com/news/features/2018-09-11/why-the-eu-is-furious-with-malta?srnd=cryptocurrencies
It's said that The union’s least-populous member nation has become a cryptocurrency and online gambling hub plagued by allegations of corruption and money laundering. And it’s selling passports.

So, Marshall Islands could be treated as Malta soon.
newbie
Activity: 83
Merit: 0
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

Source: https://www.rt.com/business/420419-marshall-islands-sovereign-cryptocurrency/
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