The Commonwealth of Dominica has accepted Tron Blockchain as the national blockchain, and its tokens (BTT, JST, TRX), the NFT (Apsanet), and the TRC20 Stablecoins (USDD, USDT, TUSD) have been provided statutory status.
Dominica TRON Understanding
Although Dominica is the third country that has accepted cryptocurrency (after El Salvador and Central African Republic), it is the first country that -
Legalized a blockchain.
Legalized Altcoins instead of Bitcoin.
Legalized multiple cryptos instead of one legal tender.
Dominica government will now releaze its own Dominica coin on Tron Blockchain.
Neutral crypto supporters and TRON fans are happy to notice this, but Bitcoin Maximalists are not very happy. Furthermore, many people do not trust Justin Sun (founder of TRON Blockchain), and they believe Justin will use this to defraud Dominicans.
Thoughts
This status can give Dominica economic freedom from the Eastern Caribbean dollar and will promote cryptos other than Bitcoin to be accepted as legal tender.
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