Plans for digital currency spark political crisis in Marshall Islands

President Hilda Heine’s plan to adopt Sovereign cryptocurrency prompts no-confidence vote

The only female leader in the Pacific Islands is facing a no-confidence challenge after pushing ahead with the controversial introduction of a digital currency for the Marshall Islands.

In February this year President Hilda Heine announced plans to introduce a cryptocurrency to operate as the country’s second legal tender alongside the US dollar, saying her country must not remain idle but “advance into the future”.

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from The Guardian https://ift.tt/2quIwQ9
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