[2018-03-01] Offshore Tax Haven Marshall Islands to Issue National Cryptocurrenc

[TYPEcoin]

A small island nation with less than 60,000 inhabitants best known internationally as a former test site for nuclear weapons is joining the hottest new trend – issuing a national cryptocurrency. The planned Marshall Islands’ Govcoin is expected to be issued later this year.

Marshall Islands Govcoin ICO
The Republic of the Marshall Islands plans to issue its own cryptocurrency as an official legal tender, to be known as the Sovereign. The local parliament voted this week to proceed with the issuing plan, Kenneth Kedi, a senator and the body’s speaker, said in a Bloomberg interview. A council still has several days to object, a step he considers unlikely.

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https://news.bitcoin.com/offshore-tax-haven-marshall-islands-issue-national-cryptocurrency/

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[Carlton Banks]

Hmmm, even tiny off-shore banking centers are acting threatened by cryptocurrencies? Interesting.

(note how there's no question of "looking seriously at regulation", lol. At least some of these governors have the humility to know when they're beat)

[TraderTimm]

Hmmm, even tiny off-shore banking centers are acting threatened by cryptocurrencies? Interesting.

(note how there's no question of "looking seriously at regulation", lol. At least some of these governors have the humility to know when they're beat)

Using ERC20 tokens is a big mistake. I wouldn't want the viability of my system tied to Money Skeletor Vitalik not getting hit by a bus.

Government coins always seem to have these glaring pitfalls. First Venezeula, now this? Should be instructive.

[akamit]

I like peoples, governments, countries who follow current trends and walks side by side with it.
I believe cryptocurrency is the trend in regards to the economy for the world, those who joined are moderns and those who ignored are outdated.