Kingdom of Tonga May Adopt Bitcoin as Legal Tender, Says Former Member of Par...
The Kingdom of Tonga may adopt bitcoin as legal tender, according to a former member of Tonga’s parliament, Lord Fusitu’a, who tweeted about a possible timeline for this event to occur. Fusitu’a believes that by next fall a bill will be passed by Tonga’s parliament and bitcoin could be legal tender in the region by November. Former Member of Tonga’s Parliament Lord Fusitu’a Claims Bitcoin Bill Could Be Passed in Order to Make the Crypto Asset Legal Tender Tonga’s chairman of the Commonwealth Pacific Parliamentary Group on Human....
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In a ruling that is “almost identical to the El Salvador bill,” Tongan bigwig Lord Fusitu’a anticipates that his country could adopt Bitcoin by November. Another domino is lined up to fall down the route to Bitcoinization. On Wednesday, the Pacific island nation of Tonga shared a play-by-play approach to adopting Bitcoin (BTC) as legal tender. In a series of tweets, Lord Fusitu’a, a former member of parliament for Tonga, released an ETA for Bitcoin becoming legal tender in Tonga. Copying El Salvador’s playbook, the move could onboard more than 100,000 Tongans onto the Bitcoin network.In....
The tiny Pacific nation of Tonga could have Bitcoin as legal tender by Q2 and Bitcoin mining by Q3 of 2023. Lord Fusitu’a, a former member of the Tongan parliament, has shared a timeline for the country’s plan to adopt Bitcoin (BTC). A Tongan nobleman, Fusitu’a had previously disclosed the four-step plan, a copy of the Salvadoran Bitcoin playbook.Step one is remittance, two is legal tender, three is Bitcoin mining, and four is moving national treasuries into Bitcoin, effectively upgrading the nation onto a Bitcoin standard. During a Twitter spaces conversation, Fusitu’a shed light on steps....
The CEO of financial advisory and asset management firm Devere Group has predicted that three countries will adopt bitcoin as legal tender this year. He is more bullish than El Salvador’s president who predicted that two countries will make bitcoin their national currency.
3 Countries Will Adopt Bitcoin as Legal Tender in 2022, Devere’s CEO Predicts
The CEO of Devere Group, an independent financial advisory and asset management firm, predicted earlier this week that three more countries will adopt bitcoin as legal tender in 2022.
His prediction is more....
Malaysia’s deputy finance minister has clarified that the government will not adopt cryptocurrency as legal tender. “Cryptocurrencies like bitcoin are not suitable for use as a payment instrument due to various limitations,” he said.
Bitcoin Will Not Be Legal Tender in Malaysia, Says Deputy Finance Minister
Following reports that a high-ranking government official has proposed adopting cryptocurrency as legal tender in Malaysia, the government clarified in parliament Thursday that it has no intention of making cryptocurrency legal tender in the....
By the end of next year, at least five countries will have accepted bitcoin as legal tender, the CEO of cryptocurrency exchange Bitmex has predicted. He cited three key reasons why he arrived at this conclusion. “Developing countries will jump into crypto in 2022,” he said.
More Countries Will Adopt Bitcoin as Legal Tender
The CEO of cryptocurrency exchange Bitmex, Alex Hoeptner, has predicted that developing countries will lead the way in bitcoin adoption. He detailed last week:
My prediction is that by the end of next year, we’ll have at least five....