The Republic of the Marshall Islands, an island country and a United States associated state, is reportedly still planning to launch its own cryptocurrency - as the nation’s president, Hilda Heine has managed to survive a vote of no confidence. The Marshall Islands had put in place a bill in May that aimed to use its newly developed cryptocurrency, the Sovereign (SOV), as its national legal tender.Notably, president Heine faced a vote of no confidence as eight members of the island country’s senate had alleged that the former minister of education damaged the nation’s reputation by supporting the launch of a sovereign cryptocurrency.
