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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 reserves were bound to be invested in high-quality assets with low credit risk , taking into account internationally recognised credit ratings. ....

National Reserve Bank , Central Bank Digital Currency , Niuas Noble , Representative Lord , தேசிய இருப்பு வங்கி , மைய வங்கி டிஜிட்டல் நாணய ,

Flags, Symbols & Currency of Tonga


Flags, Symbols & Currency of Tonga
Flags, Symbols & Currency of Tonga
The National Flag of Tonga was officially adopted on November 4, 1875.
The National Flag of Tonga features a red background with a bold Greek red cross on a white rectangle in the upper hoist-side corner. The red color represents religion and the sacrifice of the Blood of Christ, which was shed during his Crucifixion. The white color symbolizes purity. The cross reflects Christianity - the predominant religion in Tonga that is practiced by nearly 97% of the Tongans. The flag has a width-to-length proportion ratio of 1:2.
History of the Flag of Tonga ....

New Zealand , Queen Salote Tupou , National Reserve Bank , Tongan Development Bank , Royal Australian , Maui Trilithon , Port Vava , புதியது ஜீலாந்து , தேசிய இருப்பு வங்கி , டங்கன் வளர்ச்சி வங்கி , அரச ஆஸ்திரேலிய , போர்த் வாவா ,