The President of the Marshall Islands, Hilda Heine that is famous for pushing an introduction of sovereign, state-backed cryptocurrency recently survived her vote of no confidence, according to the report of local news media Nikkei Asian Review.
As it was earlier reported, Hilda Heine faced her first vote of no confidence that was introduced by eight senators due to her controversial plan to introduce Sovereign - government based cryptocurrency.
As it was stated by Nikkei, Heine has recently survived the vote of no confidence as the parliament was split 16 to 16, and her opponents failed to gain the extra vote needed to oust her from leading the country and remaining as the nation’s head of state.
The Republic of the Marshall Islands, with a population of roughly 70,000 people initially announced their plans to release its own cryptocurrency - the Sovereign - to serve as an official legal tender.
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