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International Business Times UK
International Business Times UK
Business
Dani Oh

Bitcoin Quietly Plants a Flag in an Unexpected South American Nation Suriname as Oil Money Starts To Flow

Bitcoin merchant networks emerged in Suriname before new virtual-asset rules arrived as the country prepares for first offshore oil production in 2028 (Credit: Mohamed_hassan/Pixabay)

Small Bitcoin merchant networks were already operating in Suriname before the country voted to place virtual‑asset service providers under statutory supervision.

Bitcoin Sranan, a community project in the capital Paramaribo, had onboarded 110 merchants by January 2025. Organiser Terence Coronel was helping businesses accept Bitcoin through Blink, a wallet that uses the Lightning Network for payments, and shared he used a $3 test transaction when onboarding merchants.

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