Topic: The Marshall Islands goes crypto - page 2. (Read 529 times)

That is an awesome news. I hope more and more people adopt to the cryptocurrency and i believe that is going to happen sooner or later. But this news will prove to the first drop of the rain. So stick to cryptos, don't loose trust in them and hold tight.

It's a good project and I hope it can bring a lot of changes to the country.
It might also be able to make the Cryptocurrency market go back green.

The best breakthrough for a country with little population and I support it.

This is a very good news, the Marshall Islands have made an excellent decision that will favor the growth of the blockchain sector even outside their country. I hope that there are other states that follow his example, even without creating their own cryptocurrency, the important thing is to try to make decisions in favor of this sector

Even such small but positive steps towards legalization and acceptance of cryptocurrency is a good sign for the global community that tells us the world won't be the same soon, and blockchain technology will make it better!

I really like this news. It's a great idea for small countries that don't have their own currency to give crypto a chance. I'm sure that in the future there will be many more counties that will launch their own crypto coins.

Government support just brings more positivity for the country as a whole to embrace the crypto market. No money laundering or taxes for this market, what a clean initiative taken,. which will take this economy a long way further up. An example set for others.

I know a little about this, the idea is developed by Israeli fintech comany named Neema. Sovereign token which will be legal for all citizens, businesses on the island and worldwide so feeling happy for this.

Coins sold in the country indicate that their country has accepted cryptocurrencies and that they see the future of cryptocurrencies and are also promoting cryptocurrencies. I think this is a good thing. It is worthy of publicity. Let more participation come in.

One point I've seen brought up before in relation to state-sponsored cryptocurrencies is the aspect that taxation can be built into the code, which makes it unavoidable. What I find interesting is that they are using an Ether token that will be pegged to USD, and that the only wallets allowed to transact on the blockchain will have gone through KYC.

The issue I see here is that although they say the token is decentralized and not controlled by the government, they will still have the authority to see who sent who money and how much at any point. On the plus side, that makes it easier to crack down on illegal substances, but on the negative side, what will they call illegal next? And while I don't anticipate much nefarious activity going on from the Marshall Islands government, there are other governments that would love to have this much control (Can I say, for starters, Russia and China?).

Control is power, and power corrupts. I don't think this is what Satoshi Nakamoto had in mind for the great future of cryptocurrency. Actually, I think it pretty much goes against everything he envisioned for Bitcoin.

Anyway, it will be interesting to see how this Marshall Islands scenario plays out, and how it affects the perspective of other governments thinking about adopting cryptocurrency.

It will not be anonymous because it is created by the government. And this in itself imposes centralization. Besides, KYC will be necessary, so you can forget about anonymity. The idea itself is very interesting and I am curious if it will work and how popular it is to gain this currency. However, this is a small community of people living there.

I read the article on the site that you suggested and what I want to say. This is the third country that creates its own cryptocurrency on blockchain technology. Of course, it is a pity that it will not be an anonymous currency, but a centralized one.

Good news for cryptoindustries since people are getting interest in cryptoworld. I think The Marshall Island is launching their own national crypto token for her people for economic betterment and for huge profitability of crypto investment.

Yes, I think this is good news, and more and more countries recognize cryptocurrencies, which are spreading around the world. The leadership of their country is smart. I hope other countries can learn.

From my point of view it’s a awesome initiative. Own nation cryptocurrency provide lots of advantage. As its only 53,000 people so its very easy to monitor the process. I think it will be successful.

Wow.  Everything happens much faster than expected, but this has its pluses!

It’s a very good news. As It’s a very small nation the governing body easily monitor the system. I think it’s a very good decision to run own cryptocurrency token. I believe it will be a legal tender for citizen and business.

This news is really very good and can have a positive impact. Prices of course are unlikely to start to grow, but nevertheless recently we have lacked positive news!

They have planned according to the spirits of age. I just love their updated thoughts. I hope it will bring financial prosperity to them. And I think they will be an inspiration for many countries.

Yep. Its a good news to hear and its a learning news for other small and big countries to learn lessons from this small country with little population which has gone tech savvy. This news has to be spread across the world to reach each and every one who is scared about crypto and thinks negative about it. Really this is an amazing news to be spread across.

It is a good tool and chance, especially for a small countries, to grow their economy fast. Accepting crypto they can boost their development too much. Countries that accepting crypto now definitely will have a lot of impact in the future.