The Marshall Islands has made its own cryptocurrency, doing away with the U.S. dollar. The government has signed the change into law, making the "sovereign" its new official cryptocurrency, as spotted by CNBC Africa cryptocurrency trader host Ran Neuner on Twitter yesterday.
The bill was signed into effect on March 1 but the news is making waves again this week. The Marshall Islands' population is 53,066, so the change doesn't affect many, but it is significant for citizens of the islands becaus