The Marshall Islands plans to issue a national currency on the basis of the blockchain, replacing the United States dollar as the primary currency. The sovereign coin (SOV) was announced by Assistant President of the Marshall Islands David Paul and will be a blockchain-based cryptocurrency distributed and operated by the Marshall Islands government. The Marshall Islands had passed a Sovereign Currency Act in 2018, declaring its intent to release its new national digital currency. The nation, which has been independent since 1979, has until now been using the United States dollar as th...
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