Marshall Islands forges ahead with national cryptocurrency
The Republic of Marshall Islands (RMI) president Hilda Heine has survived a vote of no confidence by just one vote, meaning her proposed national cryptocurrency is still on the cards. Heine’s opponents were unable to find the majority required to oust Heine over persistent plans to alleviate the nation’s reliance on the US dollar with a national cryptocurrency called “the Sovereign,” Nikkei Asian Review reports. RMI’s parliament ended split evenly over whether to remove Heine from her leadership, 16 to 16. Heine will continue to serve as the nation’s head of state. The decision to vote was realized after eight senators…
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