Digital Currency Group Digital Currency Group Digital Currency Group (DCG) is a venture capital company focusing on the digital currency market. It is located in New York City. Digital Currency Group was launched in 2015 by Barry Silbert, who previously founded SecondMarket, Inc.. He began investing in bitcoin companies in 2013, first as an angel investor, and provided funding for many of the earliest companies including Coinbase, BitPay, and Ripple. Digital Currency Group was formed when two businesses built under the SecondMarket parent company – Genesis Global Trading, a bitcoin OTC trading firm, and Grayscale Investments, a digital currency asset management firm that
Sovereign Currency Act of 2018 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 the legal tender of the Republic of the Marshall Islands (RMI). 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.