Miami Commissioners Reject Mayor's Push to OK Crypto Use, Vote to Study It First: Report
The city will seek a vendor to help City Hall pay all or part of its employees' salaries in bitcoin. Residents would also have the option of using cryptocurrency to pay for city services.
Feb 12, 2021 at 12:25 p.m. UTCUpdated Aug 19, 2021 at 7:14 a.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/UN6T3C7OONHZFIXKDT7WYD5RW4.png)
Miami's city commissioners tapped the brakes on Mayor Francis Suarez's headlong rush to make the city a cryptocurrency haven, voting Thursday night to study the use of crypto before allowing residents to use it to pay for services or giving city workers the option to to get paid in it, according to a report in the Miami Herald.
- Suarez, who wanted commissioners to vote to approve the use of bitcoin immediately, portrayed the vote as a step in the right direction.
- Commissioners did vote to launch education campaigns in English, Spanish and Creole to inform people about crypto, and encourage the state legislature to pass laws that would clearly allow the city to invest public funds in cryptocurrency, the Herald said. Suarez has been advocating using the city's treasury funds to invest in bitcoin.
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
STORY CONTINUES BELOW
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)