The Republic of the Marshall Islands (RMI) has chosen smart banknote platform Tangem to issue the physical banknotes of the Sovereign (SOV), the national cryptocurrency of the island.
Based on blockchain technology, SOV was developed by the RMI, in partnership with Israeli startup Neema,
The president of the Marshall Islands, Hilde Heine, is currently facing a vote of ‘no confidence’ by a group of opposition senators who are allegedly opposed to the planned adoption of cryptocurrency as the country’s national currency.
In a statement today, she pointed blame away from the Sovereign token (SOV),
The International Monetary Fund (IMF) has warned the Republic of the Marshall Islands (RMI) about the risks of issuing a national cryptocurrency.
In February of this year, Marshall Islands, a country located near the equator in the Pacific Ocean, passed the Declaration and Issuance of the Sovereign Currency Act 2018.
The Republic of the Marshall Islands is planning to issue its own cryptocurrency as an official legal tender, to be known as the Sovereign (SOV).
Marshall Islands is a country located near the equator in the Pacific Ocean, slightly west of the International Date Line.
