The Sovereign (SOV) digital currency looks set to become the first decentralized national digital currency. It could be used in the Marshall Islands on an equal footing with the US dollar. Such cryptocurrency as legal tender, even in a small state, is a larger step on the path to crypto-adoption. Island State Passes Bill to Create SOV Despite IMF Objections The Marshall Islands says it’s the first country ever to accept a cryptocurrency as national legal tender. It passed a key bill this week for SOV’s creation. According to reports by the publication Haaretz the plans had been hotly debated
The post Marshall Islands Rejects IMF Concerns to Launch ‘Sovereign’ (SOV) Digital Currency as Legal Tender appeared first on CCN
Read the original post: Marshall Islands Rejects IMF Concerns to Launch ‘Sovereign’ (SOV) Digital Currency as Legal Tender