Satoshi Island Mega Crypto Project Receives Approval From Vanuatu

Vanuatu Prime Minister Bob Loughman has stated that the Satoshi Island Community project has been authorised by the government. Transactions on the Island will be entirely dependent on bitcoin, as there will be no space for traditional currencies or fiat money.

This is the second time a government has aggressively backed the usage of cryptocurrencies, after El Salvador’s President Nayib Bukele’s promotion of Bitcoin (BTC) as legal cash in the country.

The South Pacific megaproject’s planning, progress, and ambition have already been revealed, and it appears to have great support from the majority of Vanuatu’s people.

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