The crypto capitol of the world?
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:
Miami Mayor: It’s a major priority for the city to be able to pay government employees in #Bitcoin 🙌
— Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) October 13, 2021
Pro-bitcoin mayor Francis Suarez believes JPMorgan's CEO is dead wrong about the primary cryptocurrency.https://t.co/iX9euT3jdr
— CryptoPotato Official (@Crypto_Potato) October 13, 2021
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.
Miami city mayor Francis X. Suarez is a well-known known Bitcoin proponent has been working towards making Miami a crypto hub in the US. In the 1st quarter of 2021, Suarez has said government employees payment will be in BTC and also allow citizens to pay city taxes in $BTC.
— Mayhem (@Mayhem247Ai) October 13, 2021
Thinking of moving to Miami to help build the best #Bitcoin city in the world
No masks, booming tech scene, amazing weather, no state tax, great food, diversity and a couple hours from the islands
— No 🔑 No 🧀 (@bitcoinzay) October 13, 2021
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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