Tagged: marshall islands

March 2, 2020 @ 3:40 pm By JD Alois  |  

SFB Technologies, in partnership with Algorand, has launched the first “national digital currency” in the Marshall Islands labeled the Marshallese sovereign or SOV. The Marshall Islands has longed messaged its intent to pursue a digital currency. The SOV is said to circulate alongside the US… Read More

September 13, 2019 @ 12:37 pm By Omar Faridi  |  

The Marshall Islands, an island country and a US associated state, is planning to issue its own government-backed cryptocurrency, the Marshallese sovereign (SOV).  The SOV will be introduced through a token pre-sale, according to an announcement made at CoinDesk’s Invest: Asia event, held on September… Read More

June 4, 2019 @ 9:57 pm By Cali Haan  |  

Governing politicians in the Marshall Islands have issued a press release and video explaining their plans to develop, implement and sustain a “sovereign” national cryptocurrency (SOV) intended to, “…combat poverty and climate change” in the Pacific Island nation. The country’s current President, Hilda Heine, survived… Read More

March 11, 2019 @ 11:32 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has hit Marshall Islands-registered 1pool Ltd and its CEO and owner Patrick Brunner with a $990,000 penalty for illegally offering retail commodity transactions that were margined in Bitcoin. Additionally, the CFTC sited the failure of the company to register… Read More

November 15, 2018 @ 9:40 am By Cali Haan  |  

By a margin of one vote, President Hilda Heine of the Marshall Islands retained her job on Monday following a no-confidence vote initiated by the opposition, Nikkei Asian Review reports. A tie of 16 for and 16 against deprived the opposition of the 17 votes… Read More

November 9, 2018 @ 1:55 pm By JD Alois  |  

Dr. Hilda Cathy Heine, President of the Marshall Islands, is taking some heat from her plan to convert the Marshall Island’s currency from the US dollar to their own cryptocurrency. The Blockchain based “SOV” currency was approved and signed into law back in February. The… Read More

November 6, 2018 @ 10:15 pm By Cali Haan  |  

Members of the opposition in the Marshall Islands have called for a non-confidence vote to oust the nation’s first-and-only female president, Radio New Zealand reports. The vote to oust Hilda Heine, who has previously backed a contentious plan to create a sovereign national cryptocurrency for… Read More

September 11, 2018 @ 12:09 pm By Cali Haan  |  

The Marshall Islands could end up putting its one remaining relationship with a US bank at risk if it moves forward with plans to issues a national cryptocurrency, the International Monetary Fund warns. The advice comes after the Executive Board of the International Monetary Fund (IMF)… Read More