Marshall Islands issues world’s first crypto legal tender: ‘The Sovereign’ (SOV) The President of the Republic of the Marshall Islands (RMI), Dr. Hilda C. Heine, announced today in the capital Majuro, that the RMI’s parliament, the Nitijela, after long discussions and public hearings, passed a law declaring its own legal tender, SOV, as the world’s first legal tender that will be issued as a cryptocurrency. The SOV will circulate as legal tender in the country, alongside the USD. The President said: “This is a historic moment for our people, finally issuing and using our own currency, alongside the USD. It is another step of manifesting our national liberty” In sharp contrast to Bitcoin and other non-sovereign cryptocurrencies, SOV users will identify vis-a-vis the SOV blockchain, and when they choose so, will be able to easily demonstrate and verify the sources of funds. SOV will be distributed to the public via an Initial Currency Offering (ICO). The President added: “The RMI will invest the revenues to support its climate change efforts, green energy, healthcare for those still affected by the US nuclear tests, and education. In addition, SOV units will be directly distributed to citizens.” Reuters: Marshall Islands to issue own sovereign cryptocurrency NYTIMES: Marshall Islands to Issue Own Sovereign Cryptocurrency CNBC: Marshall Islands to issue own sovereign cryptocurrency Nasdaq: New “Sovereign” Cryptocurrency Will Be Legal Tender in the Marshall Islands Bloomberg: Marshall Islands Preparing a Cryptocurrency, Two Officials Say Chicagotribune: Marshall Islands creates its own virtual money to pay bills Swfinstitute: Marshall Islands sees value in digital currency Seekingalpha: Marshall Islands preparing a crypto Thejakartapost: Marshall Islands preparing a cryptocurrency, officials Say Financemagnates: Marshall Islands Launches ‘the Sovereign’, the World’s First Crypto Tender The-blockchain: Marshall Islands Issues Own Cryptocurrency Coinjournal: Marshall Islands Plans “Initial Currency Offering” For National Cryptocurrency Calcalistech: Marshall Islands to Issue National Cryptocurrency Hebrew Sites מאקו: עסקי הבן של רני רהב גלובס: רפובליקת איי מרשל רוצה להנפיק מטבע דיגיטלי דה מרקר: לשלם על חניה בת"א במטבע קריפטו: המיזם של איי מרשל והבן של רני רהב
