Fun

Crypto Is a ‘Major Priority’ for Miami Mayor Building City Into Crypto Capital of the World

News Feed - 2021-10-14 08:10:44

Crypto Is a "Major Priority" for Miami Mayor Building City Into Crypto Capital of the World


Miami Mayor Francis Suarez says that cryptocurrency is a “major priority” for him as he attempts to build his city into the crypto capital of the world. “I want us to differentiate ourselves as a crypto capital of the United States or of the world,” he said. ‘Major Priority’ — Miami Aims to Become Crypto Capital of the World


Miami Mayor Francis Suarez talked about bitcoin and cryptocurrency in an interview with Bloomberg, published Tuesday. The mayor has been lobbying lawmakers to allow government employees to be paid in bitcoin in addition to allowing taxes to be paid in the cryptocurrency and for the city to invest a portion of funds in BTC. He was asked how much of a priority crypto initiatives were for him.


Mayor Suarez replied: It’s a major priority for me because I want us to differentiate ourselves as a crypto capital of the United States or of the world.


“We have actually done three things,” he shared. “One is that we are going to request a proposal in October to allow our employees to get paid in bitcoin, allow our residents to pay for fees in bitcoin, and even taxes in bitcoin if the county allows it.”


Regarding the state allowing the city to hold bitcoin on its balance sheet, he said: “Of course, if we would’ve been able to hold it the moment that I put the resolution on our agenda, it’d be up by 30% or 40%, so would’ve looked like a genius back then. But that’s the way it works.”


The pro-bitcoin mayor also defended BTC in an interview with Fox Business Tuesday. He was asked to comment about whether bitcoin was worthless like JPMorgan CEO Jamie Dimon said. The boss of the global investment bank said Monday, “I personally think that bitcoin is worthless.”


Suarez responded, “It’s definitely not worthless,” pointing out that the price of bitcoin is currently around $55,000.


What do you think about Miami Mayor Suarez’s comments? Let us know in the comments section below. How Henry Ford Envisaged Bitcoin 100 Years Ago — A Unique "Energy Currency" That Could "Stop Wars" FEATURED | 3 days ago 5 Countries Will Accept Bitcoin as Legal Tender by End of Next Year, Says Bitmex CEO FEATURED | 3 days ago Tags in this story Crypto Capital, Francis Suarez, miami mayor, us crypto capital, worlds crypto capital


Image Credits: Shutterstock, Pixabay, Wiki Commons Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments

News Feed

Circle Intends to Become a Full-Reserve National Commercial Bank
Circle Intends to Become a Full-Reserve National Commercial Bank Circle, a cryptocurrency fintech services company, announced it intends to become a full-reserve
MakerDAO’s Multi-Collateral DAI Token Is Launching Nov. 18
MakerDAO is launching a new version of its programmatic stablecoin DAI next month. MakerDAO Foundation CEO Rune Christensen announced the Nov. 18 launch date at the Devcon ethere
Solana rockets 13% to new yearly high, led by WIF memecoin frenzy
Tom Mitchelhill19 minutes agoSolana rockets 13% to new yearly high, led by WIF memecoin frenzyThe price of Solana surged to reach a new 2024 high, while traders are doubling down on the Solana-based memecoin dogwifhat.16
Cardano Surge To $1.17 Triggers Overbought Warnings: Time To Sell?
Este artículo también está disponible en español. Cardano recent price surge has been nothing short of impressive, with ADA climbing steadily to challenge the $1.17 resis
Turner Wright8 hours agoParliamentary committee calls for shutdown of Worldcoin in KenyaThe committee’s recommendations included having the Kenyan government consider implementing a comprehensive framework for digital
Beetlejuice Gets 1-of-1 NFT: Exclusive One-and-Only NFT of Pop Culture Icon Is Now Being Auctioned on Goldin
Beetlejuice Gets 1-of-1 NFT: Exclusive One-and-Only NFT of Pop Culture Icon Is Now Being Auctioned on Goldin press release PRESS RELEASE. Lester Green, known to millions of fans as
Solana-Based Drift Protocol Raises $3.8 Million — Project Reveals Drift Alpha Ticket NFTs
Solana-Based Drift Protocol Raises $3.8 Million — Project Reveals Drift Alpha Ticket NFTs While the blockchain network Solana’s native token has skyrocketed in value this
DeFi Technologies launches Core chain validator, stakes 1,498 Bitcoin
Derek Andersen5 hours agoDeFi Technologies launches Core chain validator, stakes 1,498 BitcoinIn May, the partners launched the first yield-bearing BTC ETP in Scandinavia.965 Total views2 Total sharesListen to article 0:
Ether at $3,100 could liquidate $212M worth of leveraged long positions
Zoltan Vardai13 hours agoEther at $3,100 could liquidate $212M worth of leveraged long positionsThe crypto market liquidated over $624 million worth of leveraged positions in the past 24 hours, 83% of which were long pos
Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges
Indian Finance Minister Asks Crypto Investors to Exercise Caution as Authorities Investigate Exchanges India’s finance minister has cautioned investors about cryptocurrency
Bitcoin Academy in Brooklyn Backed by Jay-Z and Jack Dorsey Airdrops BTC to Class Participants
Bitcoin Academy in Brooklyn Backed by Jay-Z and Jack Dorsey Airdrops BTC to Class Participants Rap star Jay-Z, otherwise known as Shawn Carter, and Block CEO Jack Dorsey, recently
DueDEX is Paving the Way, Launching Fee-Free LINK/USDT Futures Trading
DueDEX is Paving the Way, Launching Fee-Free LINK/USDT Futures Trading1th October 2020, Belize City, Belize:With new exchanges cropping up, trading becoming ever-more popular, and t