media: The Fiji government is going to recognize Bitcoin with a payment vehicle - Bits Media

The Parliament of the Republic of Fiji on Christmas eve elected politician prime minister, which advocates creating a favorable atmosphere for the crypto industry.

Recently chosen by Prime Minister of Sitri Rabuk (Sitithi Rubuka), Local media write, will Active participation in the consideration of the options for using TCC as a legal payment fund, as well as the use of volcanic energy for mining crypto assets.

The results of research on the practical use of volcanic energy say, what 21 volcano of the islands of Fiji will allow more 2000 MW of electricity per year. At the same time, the national electric network consumes a little more 40 MW per year, And that means, that there are "potential 1960 MW, which can be redistributed for other purposes, Including mining ". The 20-year development plan of Fiji approved by the Government defines, that to 2030 year all electricity on the islands will be produced from renewable sources.

The bills on mining and bitcoin as a means of calculations should be filed for consideration by the Fiji parliament during 2023 of the year.

At the beginning of the year, a former British real estate investor Anthony Welch (Anthony Welch) Together with partners, he said
about plans to attract cryptocurrency investors to the creation of the "Cryptographic Capital of the World" on the Vanuatu archipelago.