Miami Going Full Bitcoin: City Supports Efforts to Hold Bitcoin in Treasury, ...
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....
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Miami Mayor Francis Suarez is exploring putting a percentage of his city’s treasury reserves in bitcoin. Miami is currently working on accepting the cryptocurrency as a means of payment for city services and taxes. The mayor believes that “Bitcoin has been a stable investment during an incredibly unstable year.” Miami Could Invest Some of City’s Treasury Reserves in Bitcoin Francis Suarez, the mayor of the U.S. city of Miami, Florida, has been discussing with the crypto community about putting a small percentage of the city’s treasury reserves in bitcoin. The....
After a $5 million disbursement, MiamiCoin is the first CityCoin to withdraw funds from its treasury. Upon the announcement that Francis Suarez, Mayor of the City of Miami, took a $5.25 million disbursement from the MiamiCoin wallet, Cointelegraph inquired about how the city will use these funds.I’m so excited to announce that the @CityofMiami has received its first-ever disbursement from @mineCityCoins totaling $5.25M. This is a historic moment for our city to collaborate with an innovative project that creates resources for our city through innovation not taxation.— Mayor Francis....
CityCoins presented an overview of MiamiCoin technology on the third day of The North American Bitcoin Conference in Miami, Florida. Recently, Cointelegraph spoke to Miami Mayor Francis Suarez following the announcement that Miami residents with a digital wallet can earn a Bitcoin dividend. The company that sets up the infrastructure to get Bitcoin dividends into the hands of citizens is CityCoins, an open-source protocol that provides fundraising mechanisms for cities. Miami and New York City are the two inaugural cities to begin fundraising, via MiamiCoin and NYCCoin respectively.....
Back in mid-February, Bitcoin.com News reported on Miami’s Mayor Francis Suarez supporting the idea of the city holding bitcoin in the treasury and allowing tax payments in bitcoin as well. On April 15, 2021, reports show that the city may introduce the tax payments concept soon, as the District 8 county commissioner Danielle Cohen Higgins has pushed for the invocation of a Miami-Dade digital currency task force. A Resolution for a Cryptocurrency Task Force Has Been Submitted to an Infrastructure Committee in Miami-Dade A few years ago at The North American Bitcoin Conference (TNABC)....
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....