A leading Blockchain network, Tron, has signed an agreement with the government of Dominica to make Tron-authorized digital currencies in the Caribbean Nation.
Tron’s founder, Chinese cryptocurrency entrepreneur Justin Sun, shared the milestone on October 12, stating that Tron tokens, including TRX, BTT, JST, NFT, USDD, USDT and TUSD, are accepted as a medium of exchange in Dominica.
According to the government’s crypto ordinance, Tron now has a legal status as a legal tender in the country. The country will accept native Tron tokens for public payments, including taxes. Businesses are also required to receive Tron tokens for their services.
The government added that the exchange rate between crypto Tron and the East Caribbean dollar (XCD) will be freely determined by the market and transactions between the two assets will be free from capital gains tax. – Sourced from Crypto Rbl Digest
Sun, has toured the Caribbean. First becoming Grenada’s Ambassador and Permanent Representative to the WTO, then now to Dominica with this announcement. He has also been sniffing around Jamaica for about a year now.
The Caribbean Blockchain and crypto community seems tired of Sun based on comments observed in online communities, given that he has been seen as a controversial figure in Crypto in recent years.
We are living in interesting times.
