Report: Fiji’s new pro-Bitcoin prime minister considers legal tender bill:

Newly elected Fiji Prime Minister Sitiveni Rabuka is pro-Bitcoin and is reportedly considering pushing a bill to adopt BTC as legal tender in the country.Author:NamciosPublish date:Dec 29, 2022Newly elected Fiji Prime Minister Sitiveni Rabuka is pro-Bitcoin and is reportedly considering pushing a bill to adopt BTC as legal tender in the country.Pro-Bitcoin politician Sitiveni Rabuka recently took office as the new Prime Minister of the Pacific Islands of Fiji. It seems that the new PM is considering adopting bitcoin as legal tender in Fiji. Lord Fusitua’a confirmed that the new PM was pro-Bitcoin. He also shared the news via Twitter. “A new pro-#Bitcoin friendly South Pacific Prime Minister. Fiji’s new Prime Minister @slrabuka,” Lord Fusitua wrote, tagging Rabuka. “Let’s Go 2 for 2 – BTC Law Tender Bills for Pacific in 2023,” the tweet said, hinting at Tonga’s Bitcoin legal tender legislation which could go live as soon as Q2 2023. After El Salvador’s Bitcoin Law was implemented, the Bitcoin dream began in Tonga. Now, Fiji could be the next to bring BTC under its legal tender definition. Cointelegraph was told by Lord Fusitua that Fiji’s new Prime minister “asked me to meet with him which we did via zooms from last year to walk through step-by-step, how he could adopt Bitcoin legal tender. According to World Bank data, remittances to Fiji accounted 11.3% of Fiji’s gross domestic product (GDP). Tonga’s situation, however, is even more dire. Remittances to Fiji accounted for 45.5% of the nation’s GDP in 2021. Both countries have the opportunity to take advantage of their topography when it comes mining. There are many opportunities to explore and profit from bitcoin mining, as volcanic islands. Moreover, Fiji also boasts significant hydro capacity.Tagsterms:RegulationLegal TenderLegalAdopting Bitcoin

 

Add a Comment

Your email address will not be published. Required fields are marked *