Tonga could see Bitcoin getting adopted as legal tender in December.
The previous year witnessed a watershed moment in the history of monetary economics when El Salvador, a sovereign country, embraced Bitcoin, a digital currency, as legal tender.
2022 could see more such action.
Pacific island country, Tonga is planning to take a leaf out of El Salvador’s book and adopt Bitcoin as legal tender.
Former Member of Parliament of Tonga and Bitcoin advocate, Lord Fusitu’a is pushing for Bitcoin adoption in his country.
He is going to table a legislative bill and believes that by November 2022 or December 2022, the country could decree Bitcoin as legal tender.