Huobi supports Dominica’s Digital Identity Program to Promote Dominica’s Digital Economy

HuobiPublished on 2023-03-08Last updated on 2023-03-08

Abstract

Huobi announced a partnership with TRON and DMC Labs to support the launch of Dominica Digital Identity (DDID) program.

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Huobi announced a partnership with TRON and DMC Labs to support the launch of Dominica Digital Identity (DDID) program.

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As part of Huobi's broader global expansion, this partnership will promote the growth of Dominica’s metaverse and digital economy.

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Huobi started to accept registrations for DDIDs in the Dominica Metaverse on its platform since early 2023. DDID holders can potentially enjoy benefits such as the right to open bank or financial investment accounts. It also allows DDID holders to register companies that provide digital services according to local laws and regulations. Additionally, DDIDs can be accepted for KYC verification on major trading platforms.

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Dominica's DID initiative is part of TRON's latest partnership with Dominica. This initiative includes the establishment of the Dominica Metaverse, the operation of the DDID, and Dominica Coin (DMC) program.

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Huobi's global advisory board member and Founder of TRON H.E. Justin Sun commented that DIDs are poised to be an integral part of the next wave in crypto and it will attract more countries and regions to establish their own digital identity systems in the future. Huobi will use this experience for more partnerships with other countries and regions.

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"This digital identification project is a significant milestone for us as it marks the first Web 3.0 initiative since the passage of our Crypto Ordinance last year. We are excited about the prospect of blockchain innovation and look forward to continued collaboration with Tron to advance the digital economy for Dominica," said Roosevelt Skerrit, Prime Minister of the Commonwealth of Dominica.

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