Business 7 June 2019

Marshall Islands creating the Sovereign, its own digital currency

The Marshall Islands wants to move to a bankless, fiat-less society, so its creating the Sovereign.

Business 29 January 2019

Marshall Islands taps Swiss firm for sovereign crypto banknotes

The Marshall Islands has procured the services of Swiss-based Tangem for the production of physical blockchain banknotes for its official currency.

Business 16 January 2019

Marshall Islands gives update on its Sovereign cryptocurrency

the Marshall Islands’ plan to introduce a digital currency as the nation’s legal tender is showing signs of progress. The Sovereign (SOV) could come to life as early as this year.

Business 16 November 2018

Marshall Islands pushes forward with digital currency plan

The unsuccessful removal of country’s president, Hilda Heine shed hope of the plan to have its own state-backed cryptocurrency called the Sovereign.

Business 13 November 2018

Will Marshall Islands abandon plans to introduce crypto as national currency?

The plan of Marshall Islands to introduce a new national currency have been welcome with considerable resistance by the international currency and there are now concerns that the country may have to scrub the plans.

Business 12 September 2018

IMF advises Marshall Islands against using crypto as legal tender

The International Monetary Fund (IMF) has cautioned against plans to issue cryptocurrency as a form of legal tender in the Republic of the Marshall Islands.

Business 6 July 2018

Marshall Islands moves from fiat to crypto, but misses boat on its digital currency solution

The Marshall Islands is transitioning from fiat to cryptocurrency as currency in commerce.

Business 10 May 2018

Marshall Islands makes cryptocurrency legal tender

Marshall Islands is reportedly looking to offer a proprietary digital currency, which would be legal tender alongside the local fiat currency.

Business 2 March 2018

Marshall Islands plans ‘Sovereign’ cryptocurrency launch

The country, home to just 70,000 people, is poised to become the second country after Venezuela to launch a state-backed cryptocurrency.