Kingdom of Tonga can adopt Bitcoin as a legal means of payment, says former parliamentary member -
Kingdom of Tonga can adopt Bitcoin as a legal means of payment, says former parliamentary member -
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, according to Lord Fusitu’a, a former member of Tonga parliament, who tweeted a possible schedule for this event, could introduce the Kingdom Tonga Bitcoin as a legal means of payment. Fusitu’a believes that a draft law will be passed by the Tonga Parliament by next autumn and that Bitcoin could be a legal means of payment in the region by November.
former member of the Parliament of Tonga, Lord Fusitu’a, claims that Bitcoin Bill could be passed to make the crypto-asset a legal means of payment
Tongas Chairman of the Commonwealth Pacific parliamentary Group on Human Rights, Lord Fusitu’a, is a Bitcoin supporter and on 11 explains on Twitter that the government of the kingdom could introduce Tonga Bitcoin as a legal means of payment. The message follows El Salvador's advance of making Bitcoin ( bitcoin ) Legal payment method last year. A few months ago the law was codified from Salvadorian Congress and bitcoin in el Salvador was considered a legal means of payment.
Lord Fusitu’a, who was once a member of Tonga's parliament, claims that the same will happen in Tonga. On Tuesday, a person Lord Fusitu’a asked what the ETA was in relation to the Polynesian country, legalizing Bitcoin as a means of payment.
"Sept/Oct Bill goes into parliament.", Lord Fusitu’a replied . "[It Gets] sent to the palace office for submission to his majesty for royal approval. A month-HM, as recommended by the Privy Council, is correct.
lord fusitu’a added:
on the activation date [Bitcoin] becomes a legal means of payment.
The former legislator claims that the Bitcoin Act should be submitted in autumn, Lord Fusitu’a discussed the advantages of introducing Bitcoin by Tonga last year
After Lord Fusitu’a tweeted the five-point plan, a person asked whether " Parliament lies and 'adopted' the goal? " Lord fusitu’a answered the question and said: "The law is presented to the house in September/October. [Parliament] opens for [A] June.
It is not the first time that Lord Fusitu’a indicated that Tonga Bitcoin legalized as a means of payment in the country. On July 5, 2021 in the podcast What Bitcoin did, explained the former member of the parliament of Tonga, such as the introduction of bitcoin for Tonga would be an advantage. "The economy will initially benefit from the fact that every customer has a 30 % higher income, and because our country raises a VAT of 15 %, each person has additional 30 % in this 15 % VAT because it has additional 30 %. Available income only from the rails," said Lord Fusitu’a on the show. in the podcast, Lord Fusitu’a continued: At the same time as this additional 30%, some will save it instead of putting it into the economy and stacking SAS, which will appreciate. For the first time, someone who is a village and gone all over his life has a look at the fact that he may have savings that could be the basis for financial freedom. At the moment it is uncertain whether Tongas active parliamentary members and the Tongaian people will be willing to adopt Bitcoin as a legal means of payment. While El Salvador adopted the Bitcoin law, that was September 7, 2021 there were some Opposition to The decision of the government . Since then, President Nayib Bukele and the Salvadorian government have added more btc Bitcoin-Farm was presented.
What do you think that the former member of Tonga's parliament has indicated that the state of Bitcoin introduces as a legal means of payment? Let us know your opinion on this topic in the comment area below. Bedy verification : Shutterstock, Pixabay, Wikicommons 
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