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The Marshall Islands – A cybercrime paradise promotes crypto to legal tender

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Crypto becomes legal tender On February 26, 2018, the sovereign Republic of the Marshall Islands (RMI), a tiny Pacific atoll nation with a population of just 55,000, passed the Sovereign Currency Act of 2018 introducing the blockchain-based currency Sovereign (‘SOV’) as its legal tender for all debts, public charges, taxes, and dues. Being legal tender of …

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MARSHALL ISLANDS INSTALLED CRYPTO AS LEGAL TENDER REPLACING US DOLLAR

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Just in case you missed it. In February 2018, the small Republic of Marshall Islands, an island country located near the equator in the Pacific Ocean with some 60,000 people, passed the Sovereign Currency Act, which made it the first country to issue their own cryptocurrency and certify it as legal tender. The project was friendly …

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