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The British Virgin Islands in partnership with LIFElabs.io has plans to roll out a national digital currency. BVI~LIFE™ Digital Currency is a Government initiative to strengthen the financial technology sector in the country. Furthermore, The digital currency will be based on LIFEtoken pegged 1:1 to USD Dollar.
“The foundation of digital currency is the necessary groundwork for the British Virgin Islands to continue to serve the global economy as it has in the past with the onset of the blockchain revolution,” explained Sanjay Jadhav, LIFElabs.io CEO.