Miami Mayor Francis Suarez joins 'Varney & Co.' to address the city's progress on cryptocurrency implementation.
Mayor Francis Suarez discusses Miami's push to become the next tech hub on 'FOX Business Tonight.'
"That doesn’t seem to be very accurate to me," he said. "We knew that investing in Bitcoin as part of our Treasury was something that would require changes in the law. Those changes haven’t happened… and they’re not city changes that have to happen. Those are state and federal potential changes." "So until those changes happen, that’s not even possible," he said. "So it’s certainly not a failure."Miami's residents should be expecting payment in Bitcoin in the first quarter of 2022. Suarez explained that the dividend yield being distributed will be based on the city’s return on investment from MiamiCoin.
"That will be distributed to every single Miamian that is verified that gets a digital wallet," he said. "It will be government innovation actually yielding a benefit to our residents. It’s going to be something incredible."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
The Miami Heat’s P.J. Tucker Just Sold 100 of His Rarest Sneakers for CharityA portion of the proceeds went to nonprofit Soles 4 Souls to help get clothing and shoes to those in need.
Baca lebih lajut »
NYC mayor getting paid in Bitcoin suggests buying the dipNew York City Mayor Eric Adams said he had not yet received his first paycheck in Bitcoin, but suggested 'the best time to buy is when things go down.'
Baca lebih lajut »
UK advertiser ASA continues crypto ad banning spreeThe ASA flagged the marketing material for not effectively stating the risk potential, abusing consumer’s lack of experience and not specifying the limitations of purchasing crypto with credit cards.
Baca lebih lajut »
'I feel like we're ready to move forward,' Hildale's mayor says'SHE'S A ROLE MODEL' - Mayor Jessop took the oath of office for her second term on Wednesday night. Mayor Jessop is the first woman and ex-member of the Fundamentalist LDS Church to lead the community.
Baca lebih lajut »
Despite the Crypto Market Dip, Weekly Gains Show OSMO, ATOM, FTM, and a Slew of Other Assets Shined – Market Updates Bitcoin NewsA slew of crypto assets have seen double-digit gains and have managed to stave off the cryptoeconomy downturn. OSMO ATOM FTM RVN ICP
Baca lebih lajut »