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Sovereign Currency Act Of 2018
Sovereign Currency Act of 2018 is a statute of the Legislature of the Marshall Islands which was passed on February 26, 2018. The Act creates and issues a digital decentralized currency (“cryptocurrency”) that will be used as a legal tender of the Republic of the Marshall Islands (RMI). Sovereign Currency Act of 2018 The Sovereign Currency Act of 2018 creates and issues the Sovereign (SOV) its own cryptocurrency. This would lower the dependence on the USD. There are plans for a portion of the cryptocurrency's revenue to go towards radiation-related health care needs following nuclear tests from 1946 to 1958. Implementation The Sovereign cryptocurrency was created through a partnership with Neema, a financial technology startup. Neema will use “Yokwe” protocol to ensure anonymity while also linking each account with a verified government identity that is both encrypted and private. The SOV will be issued by the Ministry of Finance and introduced through an initial coin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SOV Cryptocurrency Symbol
{{Disambiguation ...
SOV may refer to: * SOV, Service Operations Vessel * SOV, a former ticker symbol for Sovereign Bank * SOV, a legal cryptocurrency created by the Sovereign Currency Act of 2018 of the Republic of the Marshall Islands * SOV, the National Rail station code for Southend Victoria railway station, Southend-on-Sea, England * SO Voiron, a French rugby union club * Schedule of values * Single-occupancy vehicle * Subject–object–verb, used in linguistic typology * Symphony Orchestra Vorarlberg, an Austrian orchestra * Share of voice * Sorin Ovidiu Vântu, a Romanian business man * Store of value A store of value is any commodity or asset that would normally retain purchasing power into the future and is the function of the asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved. The mos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statute
A statute is a formal written enactment of a legislative authority that governs the legal entities of a city, state, or country by way of consent. Typically, statutes command or prohibit something, or declare policy. Statutes are rules made by legislative bodies; they are distinguished from case law or precedent, which is decided by courts, and regulations issued by government agencies. Publication and organization In virtually all countries, newly enacted statutes are published and distributed so that everyone can look up the statutory law. This can be done in the form of a government gazette which may include other kinds of legal notices released by the government, or in the form of a series of books whose content is limited to legislative acts. In either form, statutes are traditionally published in chronological order based on date of enactment. A universal problem encountered by lawmakers throughout human history is how to organize published statutes. Such publications h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Legislature Of The Marshall Islands
The Legislature of the Marshall Islands ( mh, Nitijeļā ) has 33 members, elected for a four-year term in single-seat and five multi-seat constituency, constituencies. The last election was November 18, 2019. Elections in the Marshall Islands are officially Nonpartisanism, nonpartisan, but most members of the are affiliated with one of the four active political parties in the Marshall Islands: Aelon Kein Ad (AKA), Kien Eo Am (KEA), United People's Party (Marshall Islands), United People's Party (UPP), and United Democratic Party (Marshall Islands), United Democratic Party (UDP). History Bicameral Marshall Islands Congress was established in July 1950. The two chambers were the House of Iroij and the House of Assembly. Kabua Kabua was the president of the House of Iroij in 1953. Atlan Anien was the president of the House of Assembly in 1953. The Congress was reformulated as unicameral in 1958. Members were elected for a 4-year term. The congress was chaired by Atlan Anien in 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cryptocurrency
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities. Individual coin ownership records are stored in a digital ledger, which is a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. Despite their name, cryptocurrencies are not considered to be currencies in the traditional sense, and while varying treatments have been applied to them, including classification as commodities, securities, and currencies, cryptocurrencies are generally viewed as a distinc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Republic Of The Marshall Islands
The Marshall Islands ( mh, Ṃajeḷ), officially the Republic of the Marshall Islands ( mh, Aolepān Aorōkin Ṃajeḷ),'' () is an independent island country and microstate near the Equator in the Pacific Ocean, slightly west of the International Date Line. Geographically, the country is part of the larger island group of Micronesia. The country's population of 58,413 people (at the 2018 World Bank Census) is spread out over five islands and 29 coral atolls, comprising 1,156 individual islands and islets. The capital and largest city is Majuro. It has the largest portion of its territory composed of water of any sovereign state, at 97.87%. The islands share maritime boundaries with Wake Island to the north, Kiribati to the southeast, Nauru to the south, and Federated States of Micronesia to the west. About 52.3% of Marshall Islanders (27,797 at the 2011 Census) live on Majuro. In 2016, 73.3% of the population were defined as being "urban". The UN also indicates a population den ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Project 4
Project Four Racing was a British Formula Two and Formula Three team. The team was founded in 1976 by former Brabham mechanic Ron Dennis. At the end of 1980, the team merged with the McLaren Formula One team. The team name lived on in the designation of the McLaren F1 race cars from to the season, all McLarens, starting with the John Barnard designed McLaren MP4/1, had carried the "MP4" name, with MP4 standing for "Marlboro Project 4" and later "McLaren Project 4". The road car McLaren MP4-12C also carried the prefix until it was dropped for the 2012 model year. From onward, after the departure of Dennis from McLaren, the team began to designate their cars with the name "MCL". Racing history Formula Two The team competed in the European Formula Two Championship. Driving a BMW powered Ralt RT1, Eddie Cheever recorded the team's first race win in in the second of two races making up Round 4 at the Nürburgring on his way to finishing second for the round. Cheever then went o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Technology
Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are regarded as the "ABCD" (four key areas) of fintech. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies designed to make financial services more accessible to the general public. Fintech companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. A subset of fintech companies that focus on the insurance industry are collectively known as insurtech or insuretech companies. Key areas Academics Artificial intelligence (AI), blockchain, cloud computing, and big data are considered the four key areas of FinTech. Artificial intelli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Marshall Islands)
Ministry of Finance of the Marshall Islands is a government ministry in the Marshall Islands responsible for providing a management system for public finances to manage revenue and fiscal functions of the Government of the Marshall Islands. The ministry was established in 1990 under the 11 MIRC Chapter 1 Financial Management Act. Ministers of finance See also *Government of the Marshall Islands *Economy of the Marshall Islands References {{reflist Government of the Marshall Islands Economy of the Marshall Islands Marshall Islands The Marshall Islands ( mh, Ṃajeḷ), officially the Republic of the Marshall Islands ( mh, Aolepān Aorōkin Ṃajeḷ),'' () is an independent island country and microstate near the Equator in the Pacific Ocean, slightly west of the Internati ... 1990 establishments in the Marshall Islands ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Coin Offering
An initial coin offering (ICO) or initial currency offering is a type of funding using cryptocurrencies. It is often a form of crowdfunding, although a private ICO which does not seek public investment is also possible. In an ICO, a quantity of cryptocurrency is sold in the form of "tokens" ("coins") to speculators or investors, in exchange for legal tender or other (generally established and more stable) cryptocurrencies such as Bitcoin or Ether. The tokens are promoted as future functional units of currency if or when the ICO's funding goal is met and the project successfully launches. An ICO can be a source of capital for startup companies. ICOs can allow startups to avoid regulations that prevent them from seeking investment directly from the public, and intermediaries such as venture capitalists, banks, and stock exchanges, which may demand greater scrutiny and some percentage of future profits or joint ownership. ICOs may fall outside existing regulations, depending on the n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hilda C
Hilda is one of several female given names derived from the name ''Hild'', formed from Old Norse , meaning 'battle'. Hild, a Nordic-German Bellona, was a Valkyrie who conveyed fallen warriors to Valhalla. Warfare was often called Hild's Game. The name became rare in England during the later Middle Ages, but was revived in the 19th century. In Sweden it has been in use since the late 18th century, being a popular name throughout the 19th century. Hilde is a variant of Hilda. Another variation on ''Hild'' is Hildur. Hilda is the name of: People * Hilda of Whitby (c. 614-680), English saint * Princess Hilda of Nassau (1864–1952) * Hilda Bernard (born 1920), Argentine stage, screen and television actress * Hilda Bernstein (1915–2006), author, artist, and anti-apartheid and women's rights activist * Hilda Borgström (1871–1954), Swedish actress * Hilda Braid (1929–2007), English actress * Hilda Mabel Canter (1922–2007), English mycologist, protozoologist, and photogr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petro (cryptocurrency)
The ''petro'' (₽), or ''petromoneda'', launched in February 2018, is a crypto token issued by the government of Venezuela. Announced in December 2017, it is supposed to be backed by the country's oil and mineral reserves, and is intended to supplement Venezuela's plummeting ''hard bolívar'' currency, as a means of circumventing U.S. sanctions and accessing international financing. On 20 August 2018, the ''sovereign bolívar'' was introduced, with the government stating it would be linked to the petro coin value. As of January, 2020, Venezuelan president Nicolás Maduro decreed it mandatory to pay with petro for government document services and airplane fuel for planes flying international flights. History Venezuelan president Nicolás Maduro announced the petro in a televised address on 3 December 2017, stating that it would be backed by Venezuela's reserves of oil, gasoline, gold, and diamonds. Maduro stated that the petro would allow Venezuela to "advance in issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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