Miami-Dade County Could Soon Let Residents Pay Taxes With Bitcoin
A Miami-Dade County commissioner is exploring the feasibility of residents paying their taxes and fees in bitcoin and other cryptocurrencies.Danielle Cohen Higgins, District 8 County’s commissioner and representative on the Miami-Dade Board of County Commissioners, is putting forth a resolution for establishing a cryptocurrency task force that would assess the feasibility of allowing residents to pay for county taxes, fees and services with bitcoin and other cryptocurrencies.The goal, Cohen Higgins told Miami News Times, is to get Miami-Dade County a step ahead of the other counties in the....
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A new resolution would establish a task force to study crypto in Miami-Dade county's public administration. A Miami-Dade County commissioner is backing a new resolution to allow residents to use cryptocurrencies like Bitcoin (BTC) to pay local taxes.According to a Thursday document acquired by The Miami New Times, county commissioner Cohen Higgins has brought a resolution to Miami-Dade’s Infrastructure, Operations, and Innovations Committee, calling for the establishment of a 13-member crypto task force.The task force would examine the feasibility of allowing residents to pay their county....
Cryptocurrency exchange FTX is on the brink of securing naming rights to Miami Heat’s stadium until 2040. FTX has reached an agreement with Miami-Dade County on a 19-year partnership worth $135 million, to name Miami Heat’s home stadium the FTX Arena. The cryptocurrency derivatives exchange backed by Alameda Research, is set to become the first member of the crypto industry to secure NBA naming rights, pending approval from the Miami-Dade County Board of County Commissioners on March 26. The deal marks a significant mainstream partnership for a crypto-based platform, which will see FTX....
Samuel Bankman-Fried’s FTX crypto exchange is reportedly one vote away from winning a naming-rights deal for the arena of the NBA’s Miami Heat. The deal, which is believed to be worth $135 million, is set to be approved on March 26 by the Miami-Dade County Commission. Miami-Dade to Get $5 Million a Year According to a report, as part of this agreement, the venue, which has been known as the “American Airlines Arena” for two decades, will be renamed the “FTX Arena.” In return, Miami-Dade, which controls the naming rights for the building, will receive....
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)....
Another city in the United States is looking to add Bitcoin payments and mining activities to the city’s balance sheet. Jackson, Tennessee is the latest city in the United States moving to adopt Bitcoin (BTC) payments and mining, following recent crypto developments in Florida.Jackson Mayor Scott Conger announced Wednesday that the city is actively exploring the option to pay its employees in cryptocurrency in addition to mining Bitcoin and adding it on the city’s balance sheet. The mayor hinted that the city is looking to enable payrolls in several digital assets, mentioning coins like....