Domica’s Prime Minister Calls for Embracing Crypto-Currency Opportunities
ROSEAU, Dominica, CMC – Dominica’s Prime Minister Roosevelt Skerrit has brushed aside suggestions that the island could come under severe scrutiny after the United States Securities and Exchange Commission (SEC) charged the founder of the blockchain company, TRON, Justin Sun with fraud and securities violations.
Embracing Opportunities
Skerrit told a news conference that young Dominicans should instead explore the opportunities made available through the crypto-currency sector and that neither he nor his government could be held responsible for people’s behavior after they had been legitimately in touch with his administration.
“We in Dominica have to move away from this attitude that we c believe could bring Dominica down; we are celebrating it,” he said, adding, “there is no government involvement in this whatsoever.”
Recent Agreement
Roseau had recently entered into an agreement with TRON in what had been described as “the highest level of cooperation between such an enterprise and a sovereign state.”
No Regret
Skerrit insisted that there is no “regret at all” in a meeting with Sun, adding, “we signed an MOU, and that was it.”
Global Phenomenon
Skerrit told reporters that the issue of bitcoin, cryptocurrency, “is a global phenomenon now” and because it is now regulated by central banks yet” there is an issue of proper regulation.
“But this is a global phenomenon, and I think it is important that countries like ours, we are to look at the opportunities that these things could provide for our young…people looking for opportunities for higher pay and for better standards of living for themselves.”
Dominica’s Approach
He said Dominica can ill-afford to allow the global community to run away with the crypto-currency sector, “and then we are trying to try 20 years later to do what many countries have done.”
Conclusion
The Prime Minister emphasized the need for Dominica to explore the opportunities provided by the crypto-currency sector and educate themselves about its potential benefits and drawbacks. He stressed that the government is not involved in any wrongdoing and that the recent charges against TRON’s founder are unrelated to Dominica.
FAQs
Q: What does the Prime Minister think about the crypto-currency sector?
A: Skerrit believes that the crypto-currency sector is a global phenomenon that can provide opportunities for young people in Dominica.
Q: Is the government involved in any wrongdoing?
A: No, according to the Prime Minister, the government is not involved in any wrongdoing and is not responsible for the behavior of individuals who have been in contact with the administration.
Q: What does the Prime Minister think about the recent charges against TRON’s founder?
A: Skerrit believes that the charges are an infraction of the SEC’s standards and regulations and do not have any bearing on Dominica.