Govt of Dominica signs agreement with TRON post passage of Virtual Asset Business legislation

Govt of Dominica signs agreement with TRON post passage of Virtual Asset Business legislation

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Roseau, Dominica: The Government of Dominica has entered into an agreement with TRON following the passage of Virtual Asset Business legislation in May 2022.

This is a historic step for Dominica in its drive to enhance economic growth by embracing digital innovation and appointing TRON Protocol as its designated national blockchain infrastructure.

“Dominica is committed to building a more inclusive and diversified economy with the help of new technologies. The open and cost-effective nature of the TRON blockchain infrastructure will play a vital role in better integrating Small Island Developing States like Dominica into the global economy in the future,” said Prime Minister of the Commonwealth of Dominica – Dr Roosevelt Skerrit.

TRON Protocol is one of the leading global blockchain platforms, known for its efficient and cost-effective crypto settlement system. TRON has obtained the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token, to help promote Dominica’s global fanfare for its natural heritage and tourism attractions.

The government of Dominica is well-known for taking adequate steps to uplift the country. It has never left any chance to build a more vigorous and robust infrastructure to provide a better and happier future to the upcoming generations. However, it will be another effective step that will prove the Skerrit-led government’s efficiency.

The government of Dominica is engaged in the advancement and development, witnessing the construction and rehabilitation of various projects across the island country. The government has given similar attention to all the sectors, including educational, healthcare and medical, agriculture as well as housing. Various initiatives have been launched by the government for the betterment of youth and women of the nation.

The world’s best citizenship by investment programme of Dominica helps the country in paving the path towards development and emerging as one of the best and most sustainable countries in the world.