Which country is going to launch world's first legal tender cryptocurrency?
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As cryptocurrencies become increasingly mainstream, a small island nation will launch the first digital legal tender.
Venezuela last month became the first country to launch its own cryptocurrency when it launched the virtual Petro, backed by crude oil reserves. The Marshall Islandssaid the SOV will be different because it will be recognized in law as legal tender, effectively backed by the government.
Venezuela last month became the first country to launch its own cryptocurrency when it launched the virtual Petro, backed by crude oil reserves. The Marshall Islandssaid the SOV will be different because it will be recognized in law as legal tender, effectively backed by the government.
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Explanation:
In March 2018, the Marshall Islands became the first country to issue their own cryptocurrency and certify it as legal tender; the currency is called the "sovereign". The Bank of Canada have explored the possibility of creating a version of its currency on the blockchain.
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