An appeals court gave the state of Florida the green light to implement a law prohibiting children under 14 from having social media accounts.

According to the Eleventh Circuit Court of Appeals, the temporary injunction against HB3, ordered by a judge in June, was overturned by a vote of two to one. The Florida government announced that it will begin implementing the ban, which will require users to identify themselves to verify their age.

While this is happening, the legal process continues for a lawsuit filed by the industry, which claims the law violates constitutional freedom of expression.

HB3 is now the law of the state, authorities indicated. For his part, the state attorney general, James Uthmeier, stated: “We are putting all the big tech companies on notice: Put our children at risk and see what happens!”

Lawsuits for NetChoice are expected to take action, as they consider the law a “censorship law.” However, it is clear that under the law, “users will have to prove their age through facial scanning or identification to access adult websites.” Furthermore, social media companies will be required to delete the accounts of users under 14 years of age on their platforms, under penalty of fines.

M.Pino

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A group of companies in Florida have decided to continue exporting their products throughout Latin America by adopting the use of cryptocurrencies, which will allow them to receive payments in digital currencies backed by the US dollar.

In this regard, they have explained that they want to maintain trade with countries like Argentina and Venezuela, whose national currencies are unstable. “A trend that entrepreneurs attribute, in part, to new US government policies favorable to these digital assets.”

One of the companies that is entering this space is Giannone, which “buys batches of used iPhones, certifies their operation, and distributes them to resellers in Latin America.” It has already established contact with the Shield platform, co-founded by a Latin American entrepreneur to “help companies transact in stablecoins, such as USDT, pegged to the value of the US dollar.”

Payments to Jireh Tech Solutions can be made in cryptocurrencies backed by the US dollar, thus “avoiding exchange rate depreciation with the certainty that they comply with the new regulations required by the United States, but with less banking bureaucracy.”

The companies involved point out that the use of cryptocurrencies is an alternative that allows them to grow their client base, in addition to offering them a second option, since what they normally did “was only receive wire transfers (bank transfers) with all clients, and there was no second option for all of them.”

M.Pino

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La entrada Florida adopts cryptocurrencies for exports to Latin America apareció primero en Bitfinance.

New Legislation HB 999, signed on Tuesday, May 27 in Florida, by Governor Ron DeSantis in Apopka, establishes the use of gold and silver coins in the payment of goods, services, taxes, and other financial obligations, following specific purity standards.

With the signing of this law, Florida will become, as of July 1, 2026, the first state with this payment system.

Governor DeSantis stated: “We will use our authority under the State Constitution to ensure that gold and silver are recognized as legal tender.”

HB 999 also establishes the elimination of the “state sales tax on transactions involving gold and silver coins that meet defined criteria,” which constitutes a significant change in the state’s approach to regulating financial transactions involving precious metals.

M.Pino

Source: infobae

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La entrada Gold and silver payments will be a reality in Florida apareció primero en Bitfinance.

Two important bills aimed at creating a Bitcoin reserve in Florida, United States, were postponed indefinitely: Florida House Bill 487 and Senate Bill 550, which have been “withdrawn from consideration.”

During the last Florida legislative session, both bills failed to receive the approval of lawmakers. “The Senate and the House agreed to extend the session until June 6 to address budget plans.” On the contrary, 230 bills were passed on “issues such as banning fluoride in water, protecting state parks, and banning smartphones in schools.”

With this decision, Florida joins Wyoming, South Dakota, North Dakota, Pennsylvania, Montana, and Oklahoma, which have also seen bitcoin bills fail in House or Senate votes.

M.Pino

Source: cointelegraph

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NASA is scheduled for the launch of a geostationary satellite on June 25 in order to improve the monitoring of meteorological phenomena and the Earth’s environment by the National Oceanic and Atmospheric Administration (NOAA).

“The mission will take off on a SpaceX Falcon Heavy rocket from a platform at the Kennedy Space Center in Florida, and will aim to study the climatic conditions of space,” as reported.

The NOAA satellite, called GOES-U (Geostationary Operational Environmental Satellite U) will carry a series of specialized instruments that will allow obtaining advanced quality images, performing atmospheric measurements and real-time mapping of lightning activity as well as detecting of approaching space weather hazards.

“It will include a new compact coronagraph (a device that allows observing dimly illuminated objects near a star) that will take images of the outer layer of the Sun’s atmosphere to detect mass ejections from the corona.”

It is the fourth and last satellite in the GOES-R series. And its main objective will be to improve the ability to “monitor and forecast climate, ocean and environmental dynamics in real time.”

To obtain better images, the NASA satellite is equipped with seven high-definition instruments for monitoring the Earth’s western hemisphere. Once the launch is completed and in-orbit verification is done, NOAA “will redesignate GOES-U as GOES-19.”

M.Pino

Source: enfoquenoticias

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In a report revealed this Tuesday, it is highlighted that Disney has generated a significant economic impact in the state of Florida, exceeding $40 billion and contributing to the creation of approximately 263,000 jobs.

The report, commissioned by Walt Disney World and prepared by the consulting firm Oxford Economics, highlights that this entertainment giant has left $3.1 billion in local and state coffers during fiscal year 2022.

With four theme parks, two water parks and more than 25 hotels, Disney established itself as an essential economic catalyst for Florida. Adam Sacks, president of Tourism Economics, a division of Oxford Economics, emphasized that Disney’s economic influence extends both directly and indirectly through its supply chain and employee spending.

The report reveals that Disney’s presence in Florida has resulted in more than a quarter of a million jobs, making the company a relevant player in the state’s labor market. One in 32 jobs is attributed to Disney, and in central Florida, home to the popular theme parks, one in 8 direct jobs is linked to Walt Disney World.

The impact goes further, given that for every job created within Disney facilities, an average of 1.7 jobs are generated throughout the state, collaborating with around 2,500 businesses in Florida.

K. Tovar

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Florida is working on new legislation that prohibits the use of any central bank currency, or CBDC, as a measure to protect citizens from state control.

Florida Governor Ron DeSantis said Monday: “Unlike a decentralized digital currency or cryptocurrency, a CBDC is directly controlled and issued by the government to consumers, giving government bureaucrats the ability to see all consumer activity and the power to cut off access to goods and services for consumers”.

DeSantis maintains his position as a measure to protect citizens from what he considers “weapons of the Biden government” and calls on federal entities to join this decision.

DeSantis’ proposal “seeks to protect Florida consumers and businesses from the reckless adoption of a centralized dollar that will stifle innovation and promote government-sanctioned surveillance.”

The official stresses that Florida will not bow to Biden’s policies, which can threaten economic freedom as well as personal security.

Security is the cornerstone of regulation against CBDCs, which give the government the power to track citizen transactions.

Tarren Bragdon, an executive with the Foundation for Government Accountability, has given his support to Governor DeSantis and has added: “Our money (the US dollar) says ‘In God We Trust.’ The central bank digital currency would change that to ‘In Government We Trust’. That is wrong, and I am grateful for the Florida Governor’s continued pushback of an out-of-control DC bureaucracy.”

M.Pino

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Juan Carlos Escotet Alviárez, son of Juan Carlos Escotet, president of Banesco and Abanca, died on Saturday March 12 in Florida, United States, in a boating accident.

The young man, the youngest of the sons of the banker and María Isabel Alviárez, worked as director of Banesco USA, the US division of the bank, based in Miami. His other two brothers work at the firm.

As journalist Angela Oraá shared on her Instagram account, Escotet Jr was in a fishing championship in the Miami keys.

“The bride accidentally fell into the water due to a trip (…) Escotet jumped in to rescue his fiancé. While she managed to get out of the water without consequences, he did not suffer the same fate because of the propeller,” reported Oraá.

The journalist also indicated that the couple would marry in November.

Escotet Sr. is the founder of Banesco and president of Banesco Internacional, which has a presence in Venezuela, Spain, the United States, Panama, Puerto Rico, Brazil, the Dominican Republic, Colombia, Switzerland, Germany, Portugal, the United Kingdom and France. He is on Forbes’ 2021 Richest List.

He is also president of Abanca, a Spanish bank with a presence in 16 countries, and adviser to the International Visa Advisory Council for Latin America and the Caribbean.

 

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Una publicación compartida de Angela Oraa | Funny chic (@angelaoraa)

Editor´s note: From the Grupo de Comunicación Digital El Sumario we express our sorrow and sincere condolences.

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La entrada The son of banker Juan Carlos Escotet died apareció primero en Bitfinance.

“High-profile financial and technology firms have already decided to make Miami their permanent home,” Suárez said at a press conference, which will translate into thousands of new jobs as the local economy suffers the effect of the pandemic .

The mayor of Miami indicated that the list of weight companies that will operate in Miami will continue to grow in the coming months. “I’m like a college football recruiter. My job is to get people who are testing here and there to invest more in the city”, with the incentive in addition to low taxes.

Suárez explained that it all started last December, when a Twitter user wrote: “Ok guys, listen to me, what if we moved from Silicon Valley to Miami? To which Suárez responded, also on that platform, “How can I help?”

In addition to the great weather and diverse population, he noted that low taxes have proven to be a great incentive that serves to “prepare Miami for the future and create the next generation of leaders right here at home.”

And he specified that these companies will bring “high-quality and well-paid jobs to our city.”

According to Suarez, Miami and Miami-Dade County generate the largest number of African American and Hispanic engineers in the country, but run the future risk of being left out or unprepared for many jobs.

He added that the Covid-19 pandemic has played an important role in the decision of these financial and technology companies to relocate or open permanent offices in Miami, as the number of companies that switch to a virtual work environment increases.

G. Febres

With information from international media and news agencies

La entrada Large financial and technology companies will make Miami their base apareció primero en Bitfinance.