MARSHALL ISLANDS Steven, a Marshallese engineer from Silicon Valley, recently expressed misgivings about the MARSHALL ISLANDS Sovereign Encrypted Currency (SOV). “This is an ICO based on the digital world. However, most Marshallese is not yet in this digital world. Where does the money come from? What shall the money use to do? I believe there are more Marshallese residents like I don’t know anything about that.”
As early as March this year, the Marshall Islands, in the South Pacific sovereign state, had promulgated a law that would issue the world’s first sovereign legal encrypted digital currency – Sovereign (From now on referred to as “SOV”). In according to the report, the sovereign digital currency will circulate along with the USD, and 20-8 votes have passed this resolution in the Marshall Islands National Assembly.
SOV national digital currency will be distributed to citizens in the form of ICO. The President of the Marshall Islands, Hilda C. Heine, said: “The Marshall Islands will invest in climate change, education and green energy, as well as provide health care for those people affected by the U.S. nuclear test. This is a historic moment for our people, and our currency will be used in conjunction with the USD, leading us one step closer to national freedom.”
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