Marshall Islands Preparing a Cryptocurrency, Two Officials Say
- Digital coin called the Sovereign may be available this year
- Move is ‘targeted for the long-term needs of the country’
Bitcoin: What’s Coming in the Year Ahead
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The Republic of the Marshall Islands plans to release its own cryptocurrency to serve as an official legal tender, according to two government officials.
Members of parliament voted this week to proceed with the plan, Kenneth Kedi, a senator and the body’s speaker, said in a phone interview. A council still has several days to object, a move he said is unlikely.