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Cryptocurrency: Marshall Islands creates its own virtual money to boost economy

Cryptocurrency: Marshall Islands creates its own virtual money to boost economy

Sat, Mar 03, 2018

The Marshall Islands is partnering with Israeli company Neema to launch the SOV. It plans to sell some of the currency to international investors and spend the proceeds. The Marshall Islands says the SOV will require users to identify themselves, thus avoiding the anonymity that has kept bitcoin and other cryptocurrencies from gaining support from governments.

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