Mark Mason
Well-known member
Marshall Islands To Offer their Own Cryptocurrency As Legal Tender
The Marshall Islands, located in the Pacific, will offer their own cryptocurrency called Sovereign (SOV), which has been approved by the country’s parliament to be circulated as legal tender along side the US dollar.
The country’s president, Hilda C. Heine, said this “is another step of manifesting our national liberty.” David Paul, minister-in-assistance to the president, admitted that cryptocurrencies are “the way of the future” and that “as a country, we reserve the right to issue a currency in whatever form it is, whether in digital or fiat form.” The Sovereign will total 24 million coins in honor of the country’s 24 municipalities and be released through an ICO and presale at a to be determined date. The raised funds will go towards the Marshall Islands Trust Fund that benefits climate change efforts, green energy, healthcare for those still affected by the U.S. nuclear tests, and education.
Read more: https://www.dashforcenews.com/marshall-islands-offer-cryptocurrency-legal-tender/