Digital assets could revolutionize the way government entities finance. This is how Francis Suárez, mayor of Miami, talks about it in an interview with Fox News, where he highlighted the cryptocurrency of the city of Miami, MiamiCoin. According to his vision, the phenomenon of cryptocurrencies is something very different that could transform the financing of future governments.

According to Suárez, the mining of the crypto MiamiCoin has generated 5 million dollars in the last 30 days and has a projection of collection of approximately 60 million dollars. “It is generating $ 2,000 every 10 minutes and more than $ 5 million in the last 30 days, so it is on track to raise around $ 60 million (…) It is not an involuntary tax and it is not philanthropy,” explained Suárez.

The bitcoin blockchain network is operating the MiamiCoin token, the mining process of which brings “revenue to the administration of the city of Miami.”

Last September 13, the delegates from Miami approved a protocol that establishes that “30 % of the coins that are mined will be transferred to a digital wallet of the city, to be used as funds for the financing of community projects.”

Taxes in bitcoin

Since the beginning of the year the commissioners of the city of Miami have been carrying out some actions regarding crypto assets. In February, Mayor Francis Suárez issued an ordinance where he established that basic services, taxes and salaries would be paid with bitcoin, making the US municipality the first to adopt cryptocurrencies.

The representatives of the municipality, at that time, led by Suárez, decided to adopt bitcoin and requested “that the digital asset be part of the local treasure reserve.”

M. Rodríguez

Source: morocotacoin.news

La entrada Cryptocurrencies will revolutionize government finances apareció primero en Bitfinance.

Miami could become the first city in the world in August to trade with its own cryptocurrency, which will be known as MiamiCoin.

This coin, as indicated on the official website, is intended to support a significant number of “The Magic City” projects.

The mayor of the American city, Francis Suárez, has always been seen as an advocate for cryptocurrencies, and bitcoin in particular.

Last June, on the occasion of the Bitcoin 2021 conference in Miami, Suárez said he was very happy that his city was chosen to succeed Los Angeles as the venue for the conference and commented that for months an unprecedented amount of companies, technology companies and investors had chosen her to move in.

In this ecosystem of the global digital economy, Miami wants to become the new Silicon Valley, with the city’s ruler as the catalyst for the paradigm of financial freedom, innovation and new products and services.

K. Tovar

Source: El Aragueño

La entrada Miami about to launch its own cryptocurrency apareció primero en Bitfinance.

Francis Suárez, Mayor of Miami, acknowledged that he has the goal of turning the American city into a high-impact mining center in the world.

Suárez indicated that there is a great attraction in the city, related to the nuclear energy capacity that the city has.

During an interview that the mayor gave, he spoke about the general perspective that society has regarding this activity, indicating that many have created a “war” against mining due to the harmful cash that it would have against the environment.

Nuclear energy would have been proposed as a clean and licit energy option for the performance of the activity. Suárez also put solar and hydrogen energy as an alternative that could be considered as options in the near future.

K. Tovar

Source: Bitcoin.es

La entrada Miami could be a bitcoin mining hub apareció primero en Bitfinance.

The Mayor of Miami, Francis Suárez, has the firm intention of turning the American city into the “crypto-technological hub” for the next few years.

Based on this principle, Suárez is raising the possibility of giving the employees of said city the opportunity to collect their salaries in bitcoin, as well as pay fees and taxes using this or other cryptocurrencies.

If this goal is achieved, Miami would become the first major city in the United States to take part of its capital to bitcoin.

Finally, the Mayor is considering funding his re-election campaign in bitcoin, joining a small selection of politicians who have raised funds in crypto.

K. Tovar

Source: Cripto247

La entrada Miami’s Mayor considering paying salaries in cryptocurrencies 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.