The Republic of Marshall Island Likely to Issue a State Crypto SOV This Year

The Republic of Marshall Island plans to launch a state crypto Sovereign (SOV) as the fiat currency that enterprises and consumers in this Island use. Nowadays, a maximum of SOV tokens to be issued on a temporary basis are 24 million. With the support from the government, such token is allowed to use as a fiat currency in daily life. According to the source, SOV tokens will be offered to the public by means of ICO later this year. And Marshall Island is partnering with Neema, an Israel Fintech company, to put this idea into practice.
When it comes to the innovation in cryptocurrencies, people often will think of Malta and Gibralta. But, the Republic of Marshall Island will be one of the first countries around the world that issue a state cryptocurrency, and this initiative has received support from the government.