A Tongan member of parliament hopes the country can copy El Salvador in adopting bitcoin as legal tender and pave the way for other Pacific islands to follow its revolutionary path, as enthusiasm for the potential of cryptocurrencies engulfs emerging economies.
Bitcoin advocate, Tongan MP, barrister and hereditary Tongan landowner Lord Fusitu’a says he will table an El Salvador-style bill for Tonga to adopt bitcoin as legal tender alongside the pa‘anga at the next state opening of parliament in May 2022.
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