Why the Marshall Islands Is Issuing Its Own Cryptocurrency - CoinDesksteemCreated with Sketch.

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The Marshall Islands is moving away from the US Dollar. Since 1979, the country has been a dollar based economy.

Now it is issuing its own sovereign currency. This is going to be based upon blockchain meaning that it will keep people's privacy while also setting the rate of distribution.

Cryptocurrency is radically different from fiat meaning governments have an obligation to be more prudent with spending since the money supply cannot be expanded.

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