Miami plans to allow its citizens to pay city taxes in Bitcoin

Miami plans to allow its citizens to pay city taxes in Bitcoin
The mayor of Miami wants to make this place the most advanced city in the country in terms of cryptocurrencies.
Miami downtown skyline

Francis Suarez, the mayor of Miami, attended an interview for Fox Business this week where he revealed his proposition on cryptocurrencies.

F. Suarez revealed at the outset that he wanted to make Miami an attractive place for the technology industry, and the adoption of Bitcoin could help. However, it would not be just an insignificant acceptance, because the mayor plans to invest a certain part of government funds in the cryptocurrency.

In the context of this topic, F. Suarez said:

If I would have done it last year, I would have made 200 plus percent,

So I would have looked like a genius.

Immediately afterwards, the mayor introduced another important innovation, namely that Miami is working to ensure that citizens can pay taxes and fees in Bitcoins to the city.

We want to be one of the most crypto-forward and technological cities in the country,

So we’re looking at … creating a regulatory framework that makes us the easiest place in the United States to do business if you’re doing it in cryptocurrencies.

Suarez hopes that he will be able to bring more high-tech companies to Miami in this way, which, as a creative and innovative class, will create high-paying jobs for the locals.

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