TRON becomes legal tender in Dominica ?

A Leading Blockchain network Tron has inked an agreement with the government of Dominica to make Tron-native tokens authourised digital currency in the Caribbean Nation.

Tron founder Chinese Cryptocurrency Entrepreneur Justin Sun shared the milestone on Oct. 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 nation. The country will accept Tron-native tokens for public payments, including tax. Businesses are also urged to receive Tron-native tokens for their services.

The government added that the exchange rate between Tron crypto and the East Caribbean Dollar (XCD) would be freely determined by the market, and transactions between the two assets will be free from capital gain tax. – Sourced from Crypto Rbl Digest

Sun, has been making the rounds in the Caribbean. First becoming Grenada’s Ambassador and Permanent Representative to the WTO, then now in Dominica with this announcement. He has also been sniffing around Jamaica for about a year now.

The Caribbean Blockchain and crypto Community seem weary of Sun based on comments observed in online communities, given that he’s seen as a controversial figure in Crypto these last few years.

We are living in interesting times.