Meet the crypto billionaires building a world where money buys you a vote

BBC News 2026-07-10 23:03:11
Context: The Free Republic of Liberland, a micronation on the Danube River between Serbia and Croatia, is backed by wealthy cryptocurrency investors, including the biggest initial investor in the Trump family's crypto business and Chinese crypto titan Justin Sun. Liberland's founders aim to create a libertarian, digital country that runs on blockchain technology, allowing citizens to vote using digital tokens and effectively enabling those with more money to have greater influence. The micronation's government and economy are being built using blockchain technology, with the goal of creating a truly decentralized and tax-free society.

Key Facts

  • The Free Republic of Liberland is located on a disputed bit of territory between Serbia and Croatia, on a flat, muddy stretch of floodplain on the Danube River, and can only be accessed by boat due to restrictions imposed by Croatian authorities.
  • Liberland's president, Vít Jedlička, founded the micronation with the goal of creating a truly libertarian, digital country that runs on the same technology as cryptocurrencies, and its government and economy are being built using blockchain technology.
  • Citizens in Liberland vote on laws and referendums using digital tokens called Liberland Merits, which can be purchased, effectively allowing those with more money to have greater influence in the country's leadership.
  • Justin Sun, the prime minister of Liberland and a Chinese crypto titan, is worth an estimated $8.5bn and has invested more than $75m in the Trump family's crypto business, World Liberty Financial, as well as millions more in Donald Trump's memecoin.
  • Liberland's interior minister, Ivan Pernar, a former Croatian MP, has stated that the country's goal is to create a society where "liberty" is prioritized, but also acknowledged that this means that some people will have more liberty than others, and that those who are poor should not be helped by the government as it would make them "accustomed to that and they will lose [the] ability to feed themselves".

Factual Insights via Grasp AI

Processed securely through our unified RSS feed organiser engine.

This curated article context is processed from our central indexed news stream for automated summary updates.

Cut out the noise. Build your own custom factual news feed for free, or summarise any article instantly.

Create your free dashboard