Legislative roundup, Feb. 6, 2024
Days remaining in session: 9
Source: santafenewmexican.com
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Tonga's no confidence vote against PM spotlights political fracture
Lines of party and political allegiances in Tonga's parliament appear to have shifted in the wake of a failed vote of no confidence against Prime Minister Hu'akavameiliku Siaosi Sovaleni.
Source: rnz.co.nz
Tongan reserve bank dampens cryptocurrency talk
Photo: 123rf The bank said it was compelled to issue a release after social media posts and mainstream media said bitcoin could become legal tender. The statement followed a splurge in public discourse over the merits of bitcoin by the Niuas Noble's Representative Lord Fusitu'a. The release said anyone who offered investments in crypto-assets such as bitcoin in Tonga would need a licence, and no licence had been issued to any business for this. It also denied any plans were afoot to utilise Tonga's foreign exchange reserves to invest in cryptocurrency, and emphasised that foreign exchange res...
Source: rnz.co.nz