The Marshall Islands will hold the ICO national cryptocurrency
Stock Markets Group – Govcoin – namely so will be called the national cryptocurrency, which plans to release an island state with a population of about 55,000 people.
The release into circulation of the new tokens is planned this year, and the vote on this issue was held in Parliament this week. As reported by Senator Kenneth kedI, parliamentarians are in for a few days to cancel the results, but it is unlikely.
The government of the Marshall Islands, the ICO organizes at the end of this year, after which Govcoin will be available for operations on cryptocurrency exchanges.
As the authorities hope that this step will allow to attract funds for long-term needs of the country and to strengthen the budget of the island nation.
It is planned that part of the money will be used to support the most important sectors of the economy such as health. As is known to the present day the inhabitants of the country are still experiencing health problems related to the tests of nuclear weapons conducted by the United States in the period from 1946 until 1958.
It should also be noted that this is the second time, the cryptocurrency will be used as attraction of investments at the state level. As you know the first country that had a successful ICO, has become Venezuela. According to the latest data of the government, for two weeks the country’s budget has expanded to $ 3 billion.
This success, in the future, will encourage other States to legalize the cryptocurrency through the nationalization of their own tokens.
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Stock Markets Group™