Binance to Briefly Pause Tron (TRX) Deposits Amid Wallet Maintenance

• On January 30, 2023, at 6:00 a.m. (UTC) it would execute wallet maintenance.
• Wallet upkeep will not impact one’s ability to withdraw TRX from the Tron network.

Binance, a prominent cryptocurrency exchange, has stated that on January 30, 2023, at 6:00 a.m. (UTC) it would execute wallet maintenance for the Tron Network (TRX). The duration of this is roughly 1 hour. Therefore, commencing on January 30 at 5:55 a.m. UTC, Tron Network (TRX) deposits will be temporarily halted.

Wallet upkeep will not impact one’s ability to withdraw TRX from the Tron network. Furthermore, this will not affect the trading of TRX or any other digital asset on the Tron Network. Binance promises to reopen deposits after maintenance is complete, however, users may not be notified. The 17th distribution of APENFT (NFT) to TRON (TRX) holders was just completed, and the crypto exchange disclosed it recently.

Growing Adoption of Tron

On the other hand, the government of St. Maarten in the eastern Caribbean may shortly formally embrace Tron. Rolando Brison, an MP from St. Maarten and the head of the United People’s Party and second vice chairman of the parliament, has been vocal about the advantages of blockchain technology and cryptocurrencies for his country’s citizens and economy for some time.

He has begun the process of proposing legislation that would establish the Tron protocol as the blockchain infrastructure of the nation and TRX, a cryptocurrency built on the Tron platform, as legal money.

Tron founder Justin Sun stated:

 “Another milestone for TRON. St. Maarten to adopt TRON as legal tender marks another achievement for our push on worldwide blockchain adoption.” 

Previously, the Commonwealth of Dominica officially recognized seven Tron-based cryptocurrencies as legal money and proclaimed Tron as the country’s national blockchain in October 2022.

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