Tonga will probably be the next country to make Bitcoin legal tender

[stompix]

Lord Fusitu’a tweeted an estimated date when Tonga would theoretically make Bitcoin legal tender, if everything goes right:
https://twitter.com/LordFusitua/status/1481101011506774016

And the mystery about why September October has been cleared too
https://twitter.com/LordFusitua/status/1481135719594745859

The Bill will be submitted to the House in Sept/Oct.
Parlt opens for new session in June.
1. June by law=National Budget
2. By Law July Constituency visits.
3. By Law August - Govts Legislative package for the year.
4. By law Sept/Oct Private MPs Bills may be tabled.

I was really curious why would you announce a bill for October right now and not earlier, well, seems like being a member of Parliament in Tonga is an easy life, they are going to take their time, no wonder since in 2021 they've managed to vote under 20 bills in the whole year.
Salvador rushed this one way too much, these guys go the other extreme.

[wxa7115]

...

This is the best part:
"The WB IMF these ppl have not been so nice to us over the years so why should we worry about them"

Has the IMF ever been good for anyone other than being good for themselves? We have been talking about this for years, bank as a bank, all they think about is how to fill their pockets, and we little people who work earn less and less because of their games...

I am glad that Tonga has gone this way, I like how Lord Fusitu thinks and talks about it and I wish them all the best! It's a small country, and for this fight against "big ones" they deserve respect!

While Tonga is a small country it is a good thing that finally politicians are thinking by themselves instead of just following the formulas being ordered by the IMF.

It is obvious that the IMF will always recommend policies that plays on their favor, and I do not blame them, after all anyone with that kind of power will do what they can to keep it and if possible to increase it, however the advantages the people of Tonga will get by adopting bitcoin as legal tender are huge and I do not think they will be able to stop them.

[iv4n]

...

Well, ok, we chose bitcoin, let it be bitcoin! There is only one caveat - bitcoin does not give money, bitcoin does not increase GDP, bitcoin does not increase the income level of the population, does not increase the social level. Truth ? And you can't just GET Bitcoin. It must be bought! And that means giving away a lot of money. At the same time, tomorrow, the cost of bitcoin may become 2 times less. And the demand for it will fall. And for example, the dollar, for the economy, will remain a dollar, which will be accepted everywhere and at any time.

About services, for help - ok, I also agree. Tomorrow you will go out to work in such a service, for food. They will not pay you money, everything should be free? Just be honest - will you go to work, bring happiness to others for free? Well, so that you do not cash in on anyone?

You don't have to buy Bitcoins, you can earn them!

Simply said... we have a traditional economy and crypto as some alternative! I think that crypto can be a lot better, like zillion times better, because the current system sucks big time, it's a deep rabbit hole and nothing can save us in long run! As alternative crypto offers something unique, it's on us people to support it and use it in a good way...

You are missing a point... the system is fucked up, and many services simply don't work! Not because there's no money, it's because there's too much corruption! So we need some changes, and I simply don't see any alternatives except crypto!

[TheNineClub]

Maybe that would be plausible before the catastrophe that the island suffered, but now they will most certainly welcome monetary help from other countries, and most of that help will come in the form of dollars. So I doubt they just bite the hand that helps and goes full-on crypto while dollars are coming in as help. It0s not like the USA is banning crypto, but they are currently competing with it, and wouldn't like free-for-all on crypto. Just my 2 cents.

[Oilacris]

Maybe that would be plausible before the catastrophe that the island suffered, but now they will most certainly welcome monetary help from other countries, and most of that help will come in the form of dollars. So I doubt they just bite the hand that helps and goes full-on crypto while dollars are coming in as help. It0s not like the USA is banning crypto, but they are currently competing with it, and wouldn't like free-for-all on crypto. Just my 2 cents.

Could it give out some bad impressions which might result into decline of those help that will be given on considering that not all government do looks positive towards crypto? Possibly be but i

doubt that they would really be that childish on making such act but who knows right? We dont know on whats up into their mind and as long it do opposes up into their interest
then you do know on what would happen next.

Bitcoin would be a legal tender in Tonga? Good thing if it does happen but if not ten i wont be surprised.

[TelolettOm]

This will become another good news again toward the adoption or legal tender of Bitcoin to many more countries. Although it may not be a big country, at least, there is some good progress.
Oh, I read about donations for Tonga with Bitcoin. Does it mean that the country exactly confirms that they legalize Bitcoin? But we need also to consider whether the news is true or not. To tell the truth, I may not think that it will give any big influence on the price of Bitcoin itself because this is only for a small country.