
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.
The country, home to just 70,000 people, is poised to become the second country after Venezuela to launch a state-backed cryptocurrency.
A total of 82.4 million petro tokens are offered for the pre-sale phase, according to the cryptocurrency's white paper.
Questions were raised about the actions of Venezuela in preparing to launch a cryptocurrency backed by the country’s oil resources.
The petro will go on presale as early as next month, says Venezuelan President Nicolas Maduro.