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Luongo: Still Don't Think Bitcoin Is #Winning? You're A Loser! zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
The resolution also “allows our residents to pay for fees in Bitcoin, and also would allow the city manager to cooperate with Miami-Dade county to allow for taxes to be paid in Bitcoin,” said Suarez. The city official said that the resolution also “requests of the state legislature that the City of Miami supports efforts to make Bitcoin an acceptable currency for us to potentially invest in the future.” Why It Matters: The commission approved the mayor’s resolution 4-1 but agreed only to study the cryptocurrency-related proposals instead of acting on them as the resolution had originally proposed, Bloomberg reported. ....
The resolution also “allows our residents to pay for fees in Bitcoin, and also would allow the city manager to cooperate with Miami-Dade county to allow for taxes to be paid in Bitcoin,” said Suarez. The city official said that the resolution also “requests of the state legislature that the City of Miami supports efforts to make Bitcoin an acceptable currency for us to potentially invest in the future.” Why It Matters: The commission approved the mayor’s resolution 4-1 but agreed only to study the cryptocurrency-related proposals instead of acting on them as the resolution had originally proposed, Bloomberg reported. ....
Search Miami Goes All In on Bitcoin as Mayor Francis Suarez Looks to Use BTC for Payments, Florida Wins Again February 12, 2021 @ 9:37 am By JD Alois Miami Mayor Francis Suarez is going all-in on Bitcoin as he announced via Twitter that he has requested the city manager to research a vendor to facilitate Bitcoin payments as well as paying employees in Bitcoin. Crypto insiders quickly embraced the move with Anthony Pompliano labeling Miami the first Bitcoin [municipality] in the United States.
Florida, and Miami specifically, has emerged as a haven for tax abused refugees from high tax states like California and New York. A business-friendly climate and no state income taxes has lured a growing number of Californians and New Yorkers to the sandy beaches of Florida. Additionally, Florida’s keen ability to more effectively manage the ongoing COVID health crisis has helped as well – in contrast to the struggles of California and New York. ....