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Which islands launch world-first digital legal tender?
- a)Capri
- b)Marshall
- c)Seychelles
- d)Whitsundays
Correct answer is option 'B'. Can you explain this answer?
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Which islands launch world-first digital legal tender?a)Caprib)Marshal...
Marshall Islands in Pacific Ocean is set to become first country in world to recognize cryptocurrency as its legal tender and adopt transparent crypto monetary system. The parliament of island has passed law to create the digital currency called "Sovereign" with symbol SOV to raise some hard cash to pay bills and boost economy. The Marshall Islands is partnering with Israeli fintech startup Neema to launch its SOV. It will have equal status with US dollar as form of payment. The island country will issue 24 million SOVs in Initial Currency Offering (ICO). It will be circulated as legal tender in the country, alongside its current local currency, US dollar. SOV issued by Marshall Islands will be different from other cryptocurrencies including bitcoin because it will be officially recognized by law as legal tender and effectively backed by government. SOV is based on permissioned protocol, dubbed "'Yokwe" (meaning "hello" in local island language), which requires blockchain users of this distal currency to authenticate and identify themselves, thus avoid anonymity that has kept other cryptocurrencies from gaining support from governments.
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Which islands launch world-first digital legal tender?a)Caprib)Marshal...
ᴀɴꜱᴡᴇʀ ɪꜱ ᴏᴘᴛɪᴏɴ ɴᴏ. ʙ ᴍᴀʀꜱʜᴀʟʟ. ᴏᴋ . ʜᴀᴠᴇ ᴀ ɴɪᴄᴇ ᴅᴀʏ ᴀɴᴅ ᴄʟɪᴄᴋ ᴛᴏ ᴍʏ ꜰᴏʟʟᴏᴡ ʙᴜᴛᴛᴏɴ.ᴏᴋ. ʙʏᴇ ʙʏᴇ.
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Which islands launch world-first digital legal tender?a)Caprib)Marshallc)Seychellesd)WhitsundaysCorrect answer is option 'B'. Can you explain this answer?
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Which islands launch world-first digital legal tender?a)Caprib)Marshallc)Seychellesd)WhitsundaysCorrect answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Which islands launch world-first digital legal tender?a)Caprib)Marshallc)Seychellesd)WhitsundaysCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which islands launch world-first digital legal tender?a)Caprib)Marshallc)Seychellesd)WhitsundaysCorrect answer is option 'B'. Can you explain this answer?.
Which islands launch world-first digital legal tender?a)Caprib)Marshallc)Seychellesd)WhitsundaysCorrect answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Which islands launch world-first digital legal tender?a)Caprib)Marshallc)Seychellesd)WhitsundaysCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which islands launch world-first digital legal tender?a)Caprib)Marshallc)Seychellesd)WhitsundaysCorrect answer is option 'B'. Can you explain this answer?.
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