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St. Martin’s MP Rolando Brison enacts law to legalize TRON-based crypto

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Geneva, Switzerland, 24 January 2023, Chainwire

A TRON-based cryptocurrency could be officially adopted as legal tender by the eastern Caribbean island government. Saint MartinMember of Parliament (MP) Rolando Brison has been outspoken about the benefits blockchain technology and cryptocurrencies bring to the people and economy of his hometown for some time now. Today, he launched a proposal for legislation designating TRON as the national blockchain infrastructure and designating TRON-based cryptocurrencies as legal tender for everyday use.

HE Justin Sun, Founder Tron, murmured About Milestones:

“Another Milestone #Tron! Saint Martin Adopts Tron as Legal Tender [toward] Global blockchain adoption. ”

Earlier last year, on March 19, 2022, Bitcoin.com News featured Rep. Roland Brisson, leader of the United People’s Party and second vice-president of the Saint Martins parliament, and announced: Salaries are paid in Bitcoin Cash. Bryson has long believed and advocated for St. Martin to become the “Crypto Capital of the Caribbean” by pioneering the integration of blockchain technology and cryptocurrency solutions.

of St Martin News Network (SMNN) today highlighted MP Brison’s declaration to enact legislation to make TRON and TRON-based cryptocurrencies part of St. Martin’s local commercial and economic infrastructure. SMNN noted that rather than “reinventing the wheel,” Bryson intends to follow the example of Martin’s southern neighbor, Dominica. Federal, October 2022 Dominica Following the passage of the May 2022 Crypto Asset Business Act, which the Eastern Caribbean Central Bank helped draft, TRON was officially announced as the national blockchain.Dominica was also adopted at that time 7 TRON-based cryptocurrencies as legal tender. Brison is currently working to translate “the law in a way that fits the Dutch legal system and the local economy”.

According to their website, “The Eastern Caribbean Central Bank (ECCB) was established in October 1983. It covers Anguilla, Antigua and Barbuda, the Dominican Federation, Grenada, Montserrat, St. Kitts, and Nevis, St. Lucia, and St. Vincent. and the Grenadines.” Saint Martin, one of the four countries of the Kingdom of the Netherlands, is also a member. The total gross domestic product of the ECCB currency union is nearly $10 billion.

“The ECCB legislation is an excellent framework for regulation focused on protecting consumers and the economy and ensuring that the surveillance of virtual assets does not spiral out of control, and the potential growth opportunities for the sector. ,” said Brison. Cryptocurrencies are currently unregulated by the Central Banks of Curacao and Saint Martin. “Allowing cryptocurrencies to remain totally unregulated in St. Martin is extremely dangerous and we need to act proactively. Putting the TRON protocol at the forefront and considering the possibility that other blockchains may be incorporated later, we introduce this law, which I know is also working on its own fiat currency law It can be done to suit other countries like St. Kitts.

TRON DAO is a community-controlled DAO dedicated to accelerating the decentralization of the internet through blockchain technology and dApps. The TRON ecosystem strives to make decentralized financial solutions and stable currencies accessible to all humans on the planet. Bryson feels that working with TRON will connect St. Martin’s economy with the world’s fastest growing DeFi ecosystem, increasing the island’s appeal for both innovative entrepreneurs and international tourists. increase.

Brison will formally engage in St. Martin’s legislative process in the coming weeks, in accordance with the constitutional right that members of Congress have to pass legislation, and expects formal adoption to follow soon.

About Trondao

TRON DAO is a community-controlled DAO dedicated to accelerating the decentralization of the internet through blockchain technology and dApps.

Founded by HE Justin Sun in September 2017, the TRON network has continued to achieve impressive results since the MainNet was launched in May 2018. July 2018 also marked the integration of the BitTorrent ecosystem. BitTorrent is a pioneer of decentralized Web3 services boasting over 100 million monthly active his users. The TRON network has gained incredible traction in recent years.As of January 2023, there are over 138 million total user accounts on the blockchain, with over 4.7 billion total transactions. Total value locked (TVL) exceeds $11 billion. Additionally, TRON has overtaken USDT on Ethereum since April 2021 and hosts the largest circulating supply of the USD Tether (USDT) stablecoin worldwide. The TRON network he completed full decentralization in December 2021 and is now his DAO of community management. In May 2022, the over-collateralized decentralized stablecoin USDD was launched on his TRON blockchain, backed by the blockchain industry’s first cryptocurrency reserve, the TRON DAO Reserve, and TRON launched the decentralized stablecoin. signifies formal entry into the Most recently, in October 2022, TRON was designated as the national blockchain of the Dominican Republic. This is the first major public blockchain to partner with a sovereign nation to develop a national blockchain infrastructure. Seven existing Tron-based tokens – TRX, BTT, NFT, in addition to government approval for the issuance of Dominica Coin (“DMC”), a blockchain-based fan token to foster global fanfare for Dominica , JST, USDD, USDT, TUSD, has been granted legal status as a domestically approved digital currency and medium of exchange.

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https://thebitcoinnews.com/st-maartens-mp-rolando-brison-initiates-law-to-legalize-tron-based-crypto/ St. Martin’s MP Rolando Brison enacts law to legalize TRON-based crypto

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