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    Author Topic: Paying a Small Country to Make Bitcoin an ADITIONAL Official Currency  (Read 21590 times)
    manfred
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    April 28, 2013, 12:20:59 PM
     #101

    Tuvalu, Tonga no hope

    Looks like Iceland (Satoshis home country) is the frontrunner to have Crypto money first. Good location, way better than Nauru people know, accept and utilize bitcoins and the pirate party already has a say about it in parliament.

    http://falkvinge.net/2013/04/28/icelandic-pirate-party-wins-enters-parliament/

    Nauru currently lacks money to perform many of the basic functions of government; for example, the National Bank of Nauru is insolvent.
    There are no personal taxes in Nauru. The unemployment rate is estimated to be 90 percent, and of those who have jobs, the government employs 95 percent
    Tourism is not a major contributor to the economy
    In the 1990s, Nauru became a tax haven and offered passports to foreign nationals for a fee,
    The inter-governmental Financial Action Task Force on Money Laundering (FATF) identified Nauru as one of 15 "non-cooperative" countries in its fight against money laundering. During the 1990s, it was possible to establish a licensed bank in Nauru for only $25,000 with no other requirements.
    From 2001 to 2008, it accepted aid from the Australian Government in exchange for housing the Nauru detention centre. (reopend 2012)
    There are no banks or ATMs in Nauru
    Nauru had 9,378 residents as of July 2011.
    The country is a member of the United Nations.
    The Currency in use is the Australian dollar (AUD)  GDP 2006 estimate Total  $36.9 million
    Nauruans are the most obese people in the world.
    Nauru is the world's smallest republic.
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