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Miami mayor pushing to pay employees in Bitcoin

is Miami the Bitcoin capital?
Top bitcoin exchange says over $30 million in cryptocurrencies stolen
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FILE - This May 12, 2021, file photo shows an advertisement for the cryptocurrency Bitcoin displayed on a tram in Hong Kong. Cryptocurrencies have surged to nearly $2.5 trillion in total value, rivaling the size of G7 economies like Canada’s and Italy’s, with more than 200 million users. At that size, it’s simply too large for the financial establishment to ignore. Firms that cater to the world’s wealthiest families are increasingly putting some of their fortunes into crypto. Hedge funds are trading Bitcoin, which has big-name banks starting to offer them services around it. And in the latest milestone for the industry, an easy-to-trade fund tied to Bitcoin began trading on Tuesday, Oct. 19, 2021. (AP Photo/Kin Cheung, File)
Top bitcoin exchange says over $30 million in cryptocurrencies stolen
Posted at 6:25 PM, Oct 13, 2021
and last updated 2021-10-13 18:26:16-04

MIAMI, Fla — Miami Mayor Francis Suarez said in a Bloomberg interview that it was a top priority for the city to be able to pay government employees in Bitcoin.

"I want us to differentiate ourselves as the crypto capital of the United States or the world"- Mayor Suarez

Miami is set to issue a Request for Proposal in October to help create a system to allow city residents to pay fees and taxes in Bitcoin.

In February, Suarez presented a proposal to city commissioners to allow Miami to invest city money in Bitcoin. Florida’s statutes do not allow local governments to hold volatile assets like cryptocurrency.

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