Member of St. Maarten’s Parliament Plans to Have His Entire Salary Paid in Bitcoin Cash – Rolando Brison, the head of the United People’s Party and a member of the St. Maarten Parliament, said on Saturday that he is the first elected official to request that his full salary be paid in bitcoin cash.
Brison believes that if his country continues to embrace blockchain technology and cryptocurrency solutions, St. Maarten can become the “Crypto Capital of the Caribbean.”
While El Salvador is famous for its bitcoin tender law, the Caribbean has become a hub for cryptocurrency use, particularly bitcoin cash (BCH). Many retailers across the Caribbean are presently taking BCH for goods and services, according to the data from map.bitcoin.com.
Rolando Brison, the head of the United People’s Party and a member of the St. Maarten Parliament, announced on March 19 that he will be paid fully in bitcoin cash (BCH).
St. Maarten, according to the official, should continue on its road of delving “into the ever-growing cryptocurrency phenomena.” Brison insisted during his statement that he had asked for an update on plans to employ blockchain technology in government from St. Maarten’s finance minister, Ardwell Irion.
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“I believe St. Maarten has a possibility to become the ‘Crypto Capital of the Caribbean’ if we keep developing and appreciate cryptocurrencies and all of the benefits of blockchain technology,” Brison said in a statement on Saturday.
On Twitter, a member of the government from St. Maarten declared that he was the first to get his full salary in crypto asset payments.
“Today, as our country increasingly embraces cryptocurrencies and blockchain technology, I became the first elected official to have his entire salary paid in bitcoin currency,” Brison tweeted. “Thank you for your advice in creating St. Maarten as the Caribbean’s Crypto Capital,” stated Roger Ver, the head of the St. Maarten UP Party.
During the announcement, Brison mentioned that St. Maarten’s finance minister announced last year at a conference that blockchain and crypto adoption was a major priority for research.Brison praised the finance minister’s ideas on how to steer the country toward innovation. The introduction of bitcoin and blockchain regulations, according to the UP Party’s leader, is the next essential step.
“While my proposed consumer banking law will help us improve our traditional forms of commercial banking,” Brison added, “we also have to implement legislation to make cryptocurrency transactions in St. Maarten even more effective and worthwhile.”
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Member of St. Maarten’s Parliament Plans to Have His Entire Salary Paid in Bitcoin Cash – The member of Parliament for St. Maarten went on to explain that he has begun looking into legislation which would make bitcoin cash (BCH) legal tender in the country. Brison also wants BCH and non-fungible token transactions in St. Maarten to be exempt from capital gains tax.
“The idea of ‘Money’ has been and will continue to be subjected to a surge of innovation,” said the elected representative from St. Maarten. “This invention comes amid the time when we as a country and as legislators are grappling with how to convert our local currency and (E)commerce to a digital world. Fortunately, the solution in the shape of Bitcoin Cash is right in front of us.”
