Crypto Leaders Are Trying to Disrupt Caribbean Politics

Crypto King and Tron father Justin Sun is swivel to political relation but not exactly where one would carry . The 31 - year - old billionaire announced he ’s stepping away from his late cryptocurrency project and will instead take on a function as ambassador of the Grenada government to the World Trade Organization ( WTO ) . Sun appeared to make a fresh straight - laced Twitteraccountto Deutschmark the social occasion with a bio reading : “ His Excellency Mr. Justin(Yuchen ) SUN . ”

I have accepted the invitation and appointment of the Grenadian Gov. to officially serve as the Ambassador , Permanent Representative of#Grenadato the World Trade Organization in#Geneva . I will be work in full capacity to represent Grenada ’s interior interests , to the@WTOhttps://t.co/9Ke37rD7KQ

— H.E. Justin Sun 🇬 🇩 ( @HEjustinsun)December 17 , 2021

Image: Grenada Permanent Mission to the World Trade Organization (Other)

Sun , who was born and kindle in China , but has ostensibly been a permanent resident physician on the humble island science 2019 .

The new position does n’t think of Sun is through pushing crypto . Far from it actually .

“ Our crypto industriousness has have into the stage , we really need sovereign states and regulators and outside organizations to recognize the potential and the benefits of the blockchain technology , ” SuntoldBloomberg News . “ That ’s why I think I will focus deal of my energy , to try and force blockchain engineering science and cryptocurrency — the grandness of all of this in developing state and developed states as well . I will also attempt to upgrade newfangled applied science developing in Grenada . ”

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Sun reiterated this sentiment in aseriesoftweetswhere he write about the grandness of the crypto industry essentially breaking bread with external regulative institutions . “ The due recognition of the # blockchain industry by sovereign states will be the final milestone towards achieve a truly decentralized fiscal infrastructure , ” Sun said .

( 1/2 ) A truly inclusive#financialinfrastructurethat belongs to all mankind should be#unlimited,#decentralized , and#thresholdless . The next milestone for the industry is to build a more harmonized relationship with outside regulative jurisdictions.https://t.co/KGVIcRGSeW

— H.E. Justin Sun 孙宇晨 ( @justinsuntron)December 17 , 2021

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Sun started his technical school pursuits with a spunk - comparable live streaming audio app foretell Peiwo . That was eventually taken off the Apple and Google app store and shut down by the Chinese administration for its pornographic - tinged substance that “ disrupts socialist values , ” The South China Morning Postnotes . While run Tron , Sun gain a ill-famed reputation for his dictatorial leadership style and lucullan spending habits , with some calling him “ the Chinese Trump,”according toThe Verge .

In 2018 , his companyacquiredthe peer - to - peer file - sharing site BitTorrent for $ 140 million . Sun then poured $ 100 million into aninvestmentaround blockchain - establish video games . More late Sun has made a name for himself bydivingdeepinto theexpensiveNFT bid humans . Sun was one of the topbiddersfor a $ 60.25 million Beeple NFT before this yr . Though he descend light , that endeavor seemed to instill an appetite for even more luxurious payable spending , this time in real life . Sun reportedlymoved onto buy an old - fashioned physical Pablo Piccasso painting for around $ 20 million and has sincespent$78.4 on a Million Giacometti carving .

In his audience with Bloomberg , Sun say Grenada and other Caribbean islands are attractive to Crypto entrepreneurs since they are close to the United States but detached from most regulations or taxes . Indeed , fellow crypto Creator have move to the region in recent year with several countriesstartingto take cryptocurrencies for payments . tantalize that wave , nearby Barbados this week became the first country to open anembassyin “ the metaverse . ”

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