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Mayor’s Proposal To Combine Bitcoin Into Miami’s Operations Receives Approval

02/13/2021

In a Twitter video posted late final evening, Miami Mayor Francis Suarez introduced that metropolis commissioners have supported his decision to discover letting residents pay metropolis charges or property taxes in bitcoin, permitting metropolis workers to obtain compensation in bitcoin and giving Miami the chance to put money into bitcoin.

“I wish to thank town of Miami commissioners for supporting my decision, which directs a metropolis supervisor after evaluation, to obtain a vendor to have the ability to supply our workers to get a proportion of their wage in bitcoin, permits our residents to pay for charges in bitcoin and in addition would enable town supervisor to cooperate with Miami accounting to permit taxes to be paid in bitcoin” mentioned the Mayor. “The Metropolis of Miami helps efforts to make bitcoin an appropriate foreign money for us to doubtlessly put money into, sooner or later.” 

First, it was retail traders, then it was institutional traders and now, main cities need to park their wealth inside the protection of bitcoin. Suarez’s actions, significantly in the event that they show profitable, might considerably derisk bitcoin for related cities and make it appear to be a extra “respectable” funding.

The mayor ended the video by saying that “it’s fantastic to be a really crypto-forward metropolis, within the Metropolis of Miami.” 

The video has gone semi viral, with over 1.4 million views, nearly 5,000 retweets and 13,400 likes on the time of this writing. It’s prone to garner much more engagement because the weekend begins. 

In an indicator that that is going to be a rising pattern, former presidential candidate Andrew Yang introduced on Twitter that he would work to make New York Metropolis a hub for Bitcoin had been he to win a mayoral candidacy there. U.S. Senator Cynthia Lummis of Wyoming commented on the message, seemingly making a jab on the metropolis’s restrictive Bitlicense regulation.

Earlier this month, the Bitcoin 2021 convention introduced that it was shifting to Miami after receiving assist from Mayor Suarez for internet hosting the occasion.

The publish Mayor’s Proposal To Combine Bitcoin Into Miami’s Operations Receives Approval appeared first on Bitcoin Journal.