Member of St. Maarten’s Parliament Plans to Have His Entire Salary Paid in Bitcoin Cash

Member of St. Maarten’s Parliament Plans to Have His Entire Salary Paid in Bitcoin Cash

On Saturday, the leader of the United People’s Party and member of St. Maarten’s Parliament, Rolando Brison, announced that he’s become the first elected official to request his entire salary paid in bitcoin cash. Brison believes St. Maarten can be the “Crypto Capital of the Caribbean,” as long as his country continues to embrace blockchain technology and cryptocurrency solutions. MP Wants St. Maarten to Become the ‘Crypto Capital of the Caribbean’

While El Salvador is known for its bitcoin tender law, the Caribbean has become a hotbed for cryptocurrency adoption and more specifically with bitcoin cash (BCH). Data from map.bitcoin.com shows there are currently hundreds of merchants in the Caribbean accepting BCH for goods and services. On March 19, a member of St. Maarten’s Parliament and the leader of the United People’s Party (UP Party St. Maarten), Rolando Brison, announced that he is receiving his entire salary in bitcoin cash (BCH).

The government official believes that St. Maarten should continue its path toward delving “into the ever-growing cryptocurrency phenomenon.” Brison insisted during his announcement that he has requested St. Maarten’s finance minister Ardwell Irion to update him on plans for using blockchain technology in government. “I believe St. Maarten has a chance to be the ‘Crypto Capital of the Caribbean’ if we continue to innovate and embrace cryptocurrency and all the benefits of blockchain technology,” Brison explained in a statement on Saturday. Brison Is ‘Exploring Legislation in Order to Make Bitcoin Cash Legal Tender in St. Maarten’

On Twitter, the St. Maarten elected official told his followers that he was the first member of the government to get his entire salary in crypto asset payments. “Today I become to first elected official in the world to have his entire salary paid in bitcoin cash, as our country moves more and more to making use of cryptocurrency and blockchain,” Brison tweeted. “Thanks [Roger Ver] for the guidance in making St Maarten the Crypto Capital of the Caribbean,” the St. Maarten UP Party leader added.

During the announcement, Brison noted that during a conference last year, St. Maarten’s finance minister said that crypto and blockchain adoption was a priority area to research. Brison remarked that he appreciated the finance minister’s ideas of moving toward innovation. The UP Party leader said that the next important step was to introduce cryptocurrency and blockchain legislation.

“While we need to improve our legacy forms of commercial banking by means of my proposed consumer banking legislation, we simultaneously need create legislation to make cryptocurrency transactions even more effective and worthwhile in St. Maarten,” Brison explained. The member of St. Maarten’s Parliament added that he has started to explore legislation to make bitcoin cash (BCH) legal tender in the country. Furthermore, Brison aims to get BCH and non-fungible token (NFT) transactions exempt from St. Maarten’s capital gains tax.

“The concept of ‘Money’ has been experiencing and will continue to experience a wave of innovation,” the St. Maarten elected official added. “This innovation comes as we as a country and as Parliamentarians are faced with more questions on how to adapt our local currency and (E)commerce for a digital world. Fortunately, the answer lies right in front of us – Bitcoin Cash.” Tags in this story Ardwell Irion, BCH, bitcoin cash, bitcoin cash BCH, Blockchain, capital gains tax, Caribbean, crypto asset payments, crypto legislation, Digital Currencies, digital world, elected official, Finance Minister, Legislation, MP, Parliament Bitcoin Cash, Rolando Brison, St. Maarten, United People’s Party, UP Party

What do you think about the St. Maarten UP Party leader and Parliament member Rolando Brison getting his entire salary paid in bitcoin cash? Let us know what you think about this subject in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Universal Music Group’s Web3 Label Buys Bored Ape for $360K in Ethereum NEWS | 13 hours ago Bitcoin Ink: Study Shows Interest in "Crypto Tattoos" Jumped 222% in the Past Year NEWS | 15 hours ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleRussian Banks Told to Track Crypto-Related Transactions Amid Currency Restrictions Next articlePeter Thiel Says His ‘Biggest Mistake of the Decade Was Getting Too Late and Too Little Into Bitcoin’ Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItIndia Targets 700 Crypto Investors for Non-Payment of Taxes: Report

India"s income tax department has reportedly identified about 700 cryptocurrency investors who have failed to pay taxes on high-value crypto transactions. "We have a long list of people who were transacting in crypto assets but were not paying tax," said ... read more.Binance Explores Acquisition of Brazilian Securities Brokerage Firm Kazakhstan Shuts Down Over 100 Crypto Mining Farms RBI Crypto: Indian Government Says Central Bank Has No Plan to Issue Cryptocurrency President Zelenskyy Signs Ukraine’s Law ‘On Virtual Assets’