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Fiji’s New Prime Minister Probably Not So Bitcoin Friendly, After All

Fiji’s 20-year national development plan calls for all electricity generation on the island to come from renewable sources by 2030.  Could some of that come from bitcoin mining volcanos like in El Salvador? 

Probably not. 

Fiji has reportedly elected a new bitcoin-friendly Prime Minister. Whether that is true or not remains less clear.

The rumoredly  pro-Bitcoin politician Sitiveni Rabuka took office as the new Prime Minister of the Pacific Islands of Fiji, and, according to Twitter gossip, might move forward with legislation to adopt bitcoin as legal tender. 

Sitiveni Rabuka hasn’t been very public about Bitcoin’s position. Lord Fusitu’a, a noble and former member of parliament of neighboring nation Tonga, has reportedly confirmed that the Fijian politician is pro-Bitcoin.

“The new PM is definitely pro-Bitcoin,” Lord Fusitu’a assured Cointelegraph.

Lord Fusitu’a also tweeted the news: 

“A new pro-#Bitcoin friendly Prime Minister in the South Pacific. Fiji’s newly elected Prime Minister @slrabuka,” Lord Fusitu’a wrote, tagging Rabuka.

Lord Fusitu’a also  hinted at the legal tender legislation.

“Let’s go 2 for 2 – BTC Legal Tender Bills for the Pacific in 2023,” the tweet reads.

At this point, it’s nothing more than a rumor that the incoming Fijian Prime Minister would implement Bitcoin friendly policies.

Other countries in the Pacific islands and Asia-Pacific, like Vanuatu, have taken a more cautious stance towards Bitcoin and cryptocurrency. 

To be sure, Fiji’s national Financial Inclusion Strategy reports a significant increase in financial inclusion over recent years, yet just half the population has access to bank accounts.

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