Marshall Islands Launches ‘the Sovereign’, the World’s First Crypto Tender

[kreslik.news]

The Marshall Islands has pushed ahead with issuing its own legal cryptocurrency, the Sovereign’ (SOV), which will be circulated along with the USD. The effort constitutes the first legal crypto tender that a country has implemented, with the Pacific island nation distributing SOV directly to its citizenry.

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The launch of the SOV followed after a lengthy legal process and discussion in the country. With a population of just over 53,000, the launch of the SOV will reflect an interesting case study for other countries pursuing domestic crypto tenders of ... (read more)