Justin Sun, the founder of Tron Foundation has confirmed the news regarding cryptocurrency based company Tron expansion in Malta. Sun first tweeted about being grateful to the Prime Minister of Malta, Joseph Muscat for the support and looking forward to building a blockchain island with the Maltese Government. Later adding that the TRON foundation is considering to invest and operate in Malta along with their partner, Binance.
Binance was very keen on spreading their company to the E.U. choosing Malta, since we are a blockchain nation and are formalising a virtual currency act at the moment. The virtual currency act will be making way for a one of a kind audit framework which focuses mainly on regulating blockchain investment.
The Tron foundation is the organisation behind Tron (TRX) cryptocurrency, which had a huge growth in January and has steadied out since.
Find out more about the ins and outs of Tron from here.
Do you think bringing over cryptocurrency and blockchain companies will help our economy ultimately?