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Gungun Bhatia
Dec 29, 2022
by Gungun Bhatia

Fiji Appoints Pro-Bitcoin Prime Minister Sitiveni Rabuka

Fiji Pro-Bitcoin Prime Minister

Table of contents

  1. Fiji Elects Pro-Bitcoin Prime Minister
  2. Developmental Issues in the Nation
In the Pacific Island nation of Fiji, a newly appointed pro-bitcoin Prime Minister who supports bitcoin has assumed office. On December 24, Sitiveni Rabuka, the new prime minister of Fiji, gained control.

Fiji Elects Pro-Bitcoin Prime Minister

The announced timeframe for Tonga's adoption of Bitcoin as legal money might be completed as early as February 2023. Due to its geographical position and historical background, Fiji confronts comparable economic and developmental issues to Tonga. On the other hand, Fiji's population is about 900,000, approximately nine times the population of Tonga.

Developmental Issues in the Nation

Given the location and economic state of Fiji, the potential for Bitcoin to increase financial inclusion there is extremely important. Fiji is a nation comprising more than 330 islands in the Pacific Ocean. Despite being a middle-income nation, it still has several significant development issues, such as high poverty, restricted access to banking services, and a reliance on fossil fuels for energy.

According to Fiji's 20-year National Development Strategy, electricity on the islands must be produced from renewable resources by the year 2030. For accomplishing the goal, the nation needs to import 120 MW more renewable energy. The key to increasing renewable energy use may be found in bitcoin mining. In contrast to other nations in the Asia Pacific area, such as Vanuatu, which has adopted a more conservative attitude to cryptocurrencies, Fiji has a different perspective on Bitcoin.

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Fiji Appoints Pro-Bitcoin Prime Minister Sitiveni Rabuka
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

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