What Is Liberland, the Crypto Nation that Elected Justin Sun as Prime Minister?
Jeffrey Gogo is a journalist with 20 years of experience in business, finance, cryptocurrency, and climate change news and analysis.
Elena is the Features Lead at Cryptonews.com. With a Master's degree in science journalism from City University, London, she is passionate about exploring complex topics in the world of technology.
Key takeaways:
Justin Sun, founder of the Tron blockchain, was recently elected as the Speaker of Congress for the self-proclaimed libertarian state of Liberland in Eastern Europe.
After the vote, which was held on the blockchain, Liberland President Vít Jedlička nominated Sun to serve as acting Prime Minister.
In his acceptance speech, Sun said he was “very happy” to be elected as Liberland’s Prime Minister. He promised to “actively promote the idea of small government … [and] demonstrate that a minimalist government can bring stability and prosperity without excessive regulation or coercion.”
“By upholding this approach, we will further Liberland’s status as a beacon of freedom and individual autonomy,” Sun wrote in a long thread on X.
He said, in Liberland, “There are no forced obligations, taxes, or mandates imposed on its citizens. Everything is built on voluntary participation and mutual respect.”
As the Tron founder noted, Liberland is aiming to become “a global symbol of libertarian ideals,” with cryptocurrency and decentralized technology at the heart of this development. But what is Liberland? We look at the history and economy of this ambitious micronation.
Liberland is a sovereign state founded on Apr. 13, 2015, by former Czech politician Vít Jedlička and his wife, Jana Markovicova, a former massage therapist. Jedlička currently serves as its President.
The state is located between
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