Tagged: marshall islands

Marshall Islands Promotes its SOV National Cryptocurrency Development Fund at UN Blockchain Summit in New York

Governing politicians in the Marshall Islands have issued a press release and video explaining their plans to develop, implement and sustain a “sovereign” national cryptocurrency (SOV) intended to, “…combat poverty and climate change” in the Pacific Island nation. The country’s current President, Hilda Heine, survived… Read More

CFTC Slams Offshore Crypto Trading Platform 1pool Ltd and CEO with $990,000 Penalty for Bitcoin Transactions

The Commodity Futures Trading Commission (CFTC) has hit Marshall Islands-registered 1pool Ltd and its CEO and owner Patrick Brunner with a $990,000 penalty for illegally offering retail commodity transactions that were margined in Bitcoin. Additionally, the CFTC sited the failure of the company to register… Read More

Pro-Crypto President of Marshall Islands Survives No-Confidence Vote

By a margin of one vote, President Hilda Heine of the Marshall Islands retained her job on Monday following a no-confidence vote initiated by the opposition, Nikkei Asian Review reports. A tie of 16 for and 16 against deprived the opposition of the 17 votes… Read More

Marshall Islands President Hilda Heine Points Finger at China as Opponents Attempt to Oust Her Along with Her Sovereign Crypto Plan

Dr. Hilda Cathy Heine, President of the Marshall Islands, is taking some heat from her plan to convert the Marshall Island’s currency from the US dollar to their own cryptocurrency. The Blockchain based “SOV” currency was approved and signed into law back in February. The… Read More

Marshall Islands Opposition Members Seeking to Oust Pro-Crypto President

Members of the opposition in the Marshall Islands have called for a non-confidence vote to oust the nation’s first-and-only female president, Radio New Zealand reports. The vote to oust Hilda Heine, who has previously backed a contentious plan to create a sovereign national cryptocurrency for… Read More

IMF Urges Marshall Islands Not to Issue National Cryptocurrency [u]

The Marshall Islands could end up putting its one remaining relationship with a US bank at risk if it moves forward with plans to issues a national cryptocurrency, the International Monetary Fund warns. The advice comes after the Executive Board of the International Monetary Fund (IMF)… Read More

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