CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which islands to launch world-first digital legal tender?
A
Marshall Islands
B
Barrel Island
C
Neil Island
D
Munroe Island
Explanation: 

Detailed explanation-1: -Jamaica Launches “Jam-Dex”, Becomes First Nation To Legalise Digital Currency.

Detailed explanation-2: -The Republic of the Marshall Islands (RMI) will become the first sovereign nation to issue a cryptocurrency that will be legal tender. The new currency is called Sovereign with the symbol SOV. The SOV will be distributed to the public via an Initial Currency Offering (ICO).

Detailed explanation-3: -In September last year, El Salvador became the first country in the world to introduce Bitcoin as legal tender. According to a government statement, President Faustin Archange Touadera validated the law Wednesday.

Detailed explanation-4: -At present, El Salvador and the Central African Republic (CAR) are the only two countries in the world where Bitcoin functions as a legal currency.

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