By Nir Yaacobi, SOV Development Foundation board of advisors
Sovereign (SOV) is a blockchain-based currency which is about to become the new legal tender of the Republic of the Marshall Islands (RMI), following the Sovereign Currency Act 2018 adopted by the Marshallese parliament.
Unlike other blockchain-based currencies such as Bitcoin…
By Dr. Peter Dittus, board member of the SOV Development Foundation and Chief Economist at SFB Technologies
Contrary to popular belief, the differences between digital and traditional currencies aren’t that big. Both are mediums of exchange to purchase goods and services, they are used to store and transfer value, and…
On September 11th, Minister David Paul announced the Time Released Monetary Issuance (TRMI) for the Marshallese sovereign (SOV) at the Invest: Asia conference in Singapore. Once the TRMI launches, people from around the world will be able to purchase pre-SOV units, which can be exchanged for SOV once the Marshallese sovereign launches.
"We're committed to do it the right way," The Minister said. "As long as we do it in a responsible manner it's going to withstand the test of time."
CoinDesk has just released the videos from the conference, so you can watch the Minister's talk in full.
The Minister's talk and interview made waves in both the crypto and mainstream media. We particularly recommend reading this article by Bloomberg that summarizes the key topics the Minister raised in his talk.