Miami Commissioners Reject Mayor’s Push to OK Crypto Use, Vote to Study It Fi...
The city will seek a vendor to help City Hall pay all or part of its employees' salaries in bitcoin. Residents would also have the option of using cryptocurrency to pay for city services.
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The City Commission of Miami is now looking into the feasibility of allowing Miami residents to pay taxes and receive salaries in Bitcoin. Miami Mayor Francis Suarez has proposed an official resolution that would see Bitcoin (BTC) become an acceptable payment instrument in various parts of the city's administration.Announcing the news on Twitter, the Mayor said that the city commission has supported the resolution, and is now taking next steps:“I wanna thank the city of Miami commissioners for supporting my resolution, which directs a city manager after analysis to procure a vendor to be....
The U.S. city of Miami is going full bitcoin. The city commissioners have voted to support the mayor’s resolution to allow payments in bitcoin for salaries, taxes, and fees. The city also supports efforts to make bitcoin an acceptable currency for potentially investing in the state treasury. Miami Gets Deep Into Bitcoin Miami City’s commissioners voted Thursday night to support Mayor Francis Suarez’s resolution that would make Miami a highly bitcoin-forward city. In a video thanking the commissioners for their support, the pro-bitcoin mayor explained that the resolution....
"I look forward to the friendly competition in making our respective cities a crypto capital," said recently re-elected Miami Mayor Francis Suarez. Newly-elected New York City Mayor Eric Adams has reiterated his pledge to make the city a crypto hub by accepting his first three paychecks entirely in Bitcoin (BTC).In a Thursday response on Twitter to Francis Suarez — re-elected for another term as of Tuesday — Adams said he would be matching the Miami mayor’s pledge to accept his next paycheck in Bitcoin in addition to the following two payments. Assuming Adams accepts a base salary of....
The mayor said he would prefer to use an app like Bitwage or Strike rather than having the local government convert his fiat paycheck into crypto. Francis Suarez, who has served as the mayor of Miami since 2017, has said he’s going to take his next paycheck in Bitcoin.In a Tuesday Twitter post, Suarez said he aimed to be the first United States lawmaker at the state or federal level to accept part of his salary in Bitcoin (BTC). Public records show the Miami mayor’s salary was $97,000 annually between 2016 and 2017, meaning he would receive a monthly paycheck of more than $8,000 or 0.13....
A proposal from Miami’s Mayor Suarez to integrate bitcoin into city operations has received support from city commissioners. The post Mayor’s Proposal To Integrate Bitcoin Into Miami’s Operations Receives Approval appeared first on Bitcoin Magazine.