2021-3-25 19:27 |
Thanks to COVID measures, the local economy may not recover until 2022.
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SFB Technologies, a full-cycle digital agency focused on blockchain development has announced that Alogorand’s blockchain protocol will be used to develop the national digital currency of the Marshall Islands dubbed Marshallese Sovereign (SOV).
The Marshall Islands is moving ahead with a plan to issue a sovereign currency built on blockchain, writes Minister David Paul.
The Republic of the Marshall Islands will move forward with its plan to introduce its own cryptocurrency, despite a vote of no confidence against President Hilda Heine’s support of the venture, according to reports on Tuesday.
The IMF says the Republic of the Marshall Islands should reconsider introducing a cryptocurrency as a second legal tender over perceived risks.