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Miami Considers Paying City Employees In Bitcoin


The crypto capitol of the world?

That’s what Miami Mayor Francis Suarez hopes to make the Florida city, and his latest move aims to push the city of Miami closer to that goal.

According to Suarez, Miami is considering paying city employees in Bitcoin, a move that has been in the works for a while, but was temporarily scrapped in February.

It almost doesn’t need to be said, but this would be an extremely bold move, and the first of its kind in The U.S.—couple this with Florida’s anti-lockdown stance, low-regulatory environment, and beautiful beaches……

Well, you get the point. Florida may very well become the spot to be, and the new financial capitol of the world in time, if they play their cards right.

Here’s what we currently know:

Bitcoin Magazine explains:

The city will issue a formal request for proposal this month, according to Suarez, to help actualize the mayor’s plan. Miami will need to create the payment rails to allow city residents to pay fees and taxes in bitcoin.

“I want us to differentiate ourselves as a crypto capital of the United States or of the world,” Suarez told Bloomberg’s Emily Chang.

Bloomberg continues:

In Febuary, Suarez brought a broader proposal before city commissioners to allow Miami to invest its own funds in Bitcoin, but Florida statutes don’t currently allow local governments to hold such volatile assets. Suarez parried a question about whether he was lobbying Tallahassee for a change.

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