KCN THE FOUNDATION FOR MAINTAINING ITS CRYPTOCURRENCY – MARSHALL ISLANDS

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KCN THE FOUNDATION FOR MAINTAINING ITS CRYPTOCURRENCY – MARSHALL ISLANDS

Marshall Islands are going to introduce their own digital currency. The press release published by AP NEWS says: “The Republic of the Marshall Islands 4 june announced the establishment of the SOV Development Fund, a Marshallese not-for-profit organization. The Fund’s mandate is to support the government in the establishment, maintenance and implementation of the SOV, the Marshall Islands’ digital legal tender. In a pre-recorded video presentation to the Blockchain for Impact Summit at the United Nations Headquarters in New York, the Minister In Assistance to the President, David Paul said: “We are designing SOV in a way that will not place any burden on the government’s finances. The currency funds itself.” The news release partner STEX.com.

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