March 24, 2014 - Maza Talk
David Mills, Director Oglala Sioux Tribe, Office of Economic Development on the status of MazaCoin
Mazacoin is a Bitcoin derivative and aspiring official currency of the sovereign Lakota Nation. MazaCoin vision is to create an economic foundation upon which the Lakota Nation can build lasting wealth and prosperity for their people.
January 24th, 2013 the MazaCoin development team made public a Memorandum of Understanding between the Oglala Lakota Nation & the MazaCoin Development Team. Shortly after an article in the Wall Street Journal falsely identified MazaCoin as the official currency of the Oglala Lakota Nation spurring debate and criticism about the validity of MazaCoin.
Today, Reddit user /u/tinus42 posted this update from David Mills, Director Oglala Sioux Tribe, Office of Economic Development on the status of MazaCoin:
Sorry for the delay I have been on travel, the MOA signed by this office is for support of more research into the bit-coin and how this will impact the Tribe after this is done Mr. Harris is to return to this office more documentation to the benefits that will positively affect the Tribe as a whole and from their [sic] if we are satisfied with the outcome we will develop a resolution to the Tribal E&BD Committee in support of this venture to be forwarded on the Tribal Council for final approval.
David T. Mills, Director Oglala Sioux Tribe Office of Economic Development
The tribal government is performing it’s due diligence, like many other countries evaluating regulation concerns for Bitcoin, and the tribe remains open to adopting MazaCoin initiatives. While change takes time this is positive news and we encourage the MazaCoin community to continue to reach out to your government representatives in support of MazaCoin.