BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Miami Going Full Bitcoin: City Supports Efforts to Hold Bitcoin in Treasury, Allow Tax Payments in BTC

Miami Going Full Bitcoin: City Supports Efforts to Hold Bitcoin in Treasury, Allow Tax Payments in BTC
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 “directs the city manager, after analysis, to procure a vendor to be able to offer our employees to get a percentage of their salary in bitcoin, allow our residents to pay for fees in bitcoin, and also would allow the city manager to cooperate with the Miami county to allow for taxes to be paid in bitcoin.” He added:
It’s also a request of the state legislature that the city of Miami supports efforts to make bitcoin an acceptable currency for us to potentially invest in, in the future.
“It’s wonderful to be a very crypto forward city,” Mayor Suarez concluded, after thanking his “commission colleagues” again “for allowing that to happen.”
“Miami City Hall could begin conducting some of its financial transactions in bitcoin,” the Miami Herald reported, adding that the city will launch education campaigns in English, Spanish, and Creole to inform people about cryptocurrency.
if (!window.GrowJs) { (function () { var s = document.createElement('script'); s.async = true; s.type = 'text/javascript'; s.src = 'https://bitcoinads.growadvertising.com/adserve/app'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, 31, [300, 250], null, []); GrowJs.showBanner(banner.index); } });
The crypto community praises Mayor Suarez for his bitcoin adoption efforts. One Twitter user wrote: “This is insanely big for bitcoin.” Another commented: “Other city mayors should consider following Mr. Suarez’s initiative of investing the city treasury in bitcoin.”
Morgan Creek Digital partner Anthony Pompliano, who moved to Miami after convincing the mayor that he should put 1% of the city’s treasury reserves into bitcoin, tweeted:
Miami Mayor Francis Suarez just got Miami into bitcoin. Employees paid in BTC . Residents pay fees in BTC . Taxes in BTC . City treasury in BTC . Absolutely unreal. The first bitcoin municipal in the United States.
What do you think about Miami’s bitcoin efforts? Let us know in the comments section below.

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Cool huh? Please read the full Article: Miami Going Full Bitcoin: City Supports Efforts to Hold Bitcoin in Treasury, Allow Tax Payments in BTC


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News