Marshall Islands readies to make waves in digital currency
In the middle of the Pacific Ocean sits the Marshall Islands – a small archipelago with a population of around 75,000 people. In 2018, its government of passed legislation putting the Marshall Islands on the crypto asset map. The introduction of the Sovereign Currency Act allows for the creation and issuance of the sovereign (sov) – a blockchain-based new unit of account that would be supported by the finance ministry.
The sov would be a government-issued digital currency created on a specially
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