More nations and institutions are joining the cryptocurrency industry as it grows, and some of them even want to have their own official digital assets, like one Eastern Caribbean nation.
According to TRON’s press release on October 12, the Commonwealth of Dominica is, in fact, launching the Dominica Coin (DMC) in partnership with the TRON Protocol (TRX) following the passage of the Virtual Asset Business Act in its Parliament earlier in 2022.
The coin was issued with the intention of promoting the nation as a destination with significant tourist potential and a rich natural heritage, thereby propelling its economic development.Roosevelt Skerrit, the Prime Minister of Dominica, provided an explanation of the significance of this development for his country:
The coin was issued with the intention of promoting the nation as a destination with significant tourist potential and a rich natural heritage, thereby propelling its economic development. Roosevelt Skerrit, the Prime Minister of Dominica, provided an explanation of the significance of this development for his country:
“This is a historic step for Dominica in its drive to enhance economic growth by adopting digital innovation and naming TRON Protocol its designated national blockchain infrastructure,” the statement reads.
In the meantime, Justin Sun, the founder of TRON, expressed the enthusiasm and optimism of his team regarding the established partnership, pointing out that:
In the meantime, Justin Sun, the founder of TRON, expressed the enthusiasm and optimism of his team regarding the established partnership, pointing out that:
“The TRON team and I are overjoyed that Prime Minister Roosevelt Skerrit has placed his faith in TRON to build the blockchain infrastructure that will enable their participation in the future of decentralized finance.”We anticipate that this will be the first of many future technological partnerships with sovereign governments.
The cryptos of TRON are approved as a means of exchange.
It is important to note that Dominica has officially approved TRON-issued digital currencies as a means of exchange thanks to the partnership between the blockchain and the Caribbean government.
On Twitter, Justin Sun stated that Dominica has “granted statutory status as authorized digital currency and medium of exchange” for all TRON-issued digital assets and posted an official document to support this claim.
In the meantime, Justin Sun himself announced his appointment as a member of the exchange’s Global Advisory Board, and the total number of transactions on the TRON blockchain has recently surpassed 4 billion due to rumors that its founder was the real buyer of Huobi.
