Tiny Pacific Nation Makes a Go of Its Own Digital Currency

An isolated island nation in the Pacific Ocean with a population of about 75,000 continues to break ground in the cryptocurrency space.

The Marshall Islands is proceeding with the creation of a blockchain-based national currency, the Marshallese sovereign or SOV, the country said in a statement. David Paul, the environment minister and minister-in-assistance to the president of the Republic of the Marshall Islands, spoke about the venture at a conference in Singapore on Wednesday.