- Liberland was the first country to use bitcoin (BTC) as its legal currency, having been established in 2015.
- The sovereign state announced on Tuesday that Justin Sun had been elected to rule Liberland.
The prime minister of Liberland, a self-declared micronation positioned between Croatia and Serbia, is Justin Sun, the founder of Tron.
The sovereign state of Liberland announced in a statement on Tuesday that Sun has been selected to take up the role of leader. Journalist Jillian Godsil and businessman Evan Luthra were also chosen to join Congress.
Liberland released a statement claiming that although Justin Sun and Evan Luthra are new to the company, they have proven to be adept businessmen in the bitcoin space. Their reputable ‘doers’ backgrounds will be crucial in propelling our blockchain initiatives forward, and their expertise and commitment will benefit Liberland collectively.
According to a prior announcement from the sovereign state, Liberland was the first nation to adopt bitcoin (BTC) as its official currency, having been founded in 2015. Participation by its citizens is made possible by the decentralized online platform on which its government operates.
Liberland employed a blockchain-based election system for the most recent elections.
The sovereign state claimed on Tuesday that the election process, which was transparent and regulated by a straightforward set of norms, was fully algorithmic.
This methodology has the special capacity to dispel uncertainty about election results, which is a problem encountered by many nations that continue to use outdated techniques. Our aim is to set a trailblazing example for what will soon be accepted as standard procedure.
Vít Jedlička, a politician from the Czech Republic, formed Liberland in 2015 and went on to become the state’s first president, as reported by The New York Times. According to Liberland, neither Serbia nor Croatia have claimed its 7 km2 of territory.
From 2021 until 2023, Sun served as Grenada’s permanent delegate to the World Trade Organization (WTO). On his official X account, he still prefixes his name with the initials H.E.
According to Sun, his intentions are to expand upon libertarian ideals.
The way to true economic prosperity is the libertarian combination of cutting back on government expenditures, lowering taxes on citizens, and eliminating government intervention in people’s lives. In response to those who are dubious about the possibility that lower government spending could spark social upheaval, I point to Liberland as a live example of how this ideology works in practice—our folks live freely and thrive under this system, Sun remarked.
Sun likened Liberland to the epicenter of the libertarian movement, and Vatican City to the center of the Catholic Church.
Liberland will serve as the ideological homeland of libertarians worldwide, Sun added. It is a location where their values of freedom, autonomy, and voluntary governance are recognized and embodied. Libertarians may have their own countries and nationalities.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
