Encryption is the Mayor of Miami’s “Main Priority” for the city to be the crypto capital of the world – Bitcoin Featured News

The Mayor of Miami, Francis Suarez, stated that cryptocurrency is his “first priority” when he is trying to build his city into the world’s cryptocurrency capital. He said: “I hope we can make ourselves the cryptocurrency capital of the United States or the world.”

“Main Priorities”-Miami aims to become the world’s cryptocurrency capital

Miami Mayor Francis Suarez talked about Bitcoin and cryptocurrencies in a Bloomberg interview published on Tuesday.The mayor has been lobbying lawmakers to allow government employees to pay in Bitcoin, in addition to allowing tax payments in cryptocurrencies, and to allow the city to invest part of its funds in BitcoinSomeone asked him how many priority encryption plans suit him.

Mayor Suarez replied:

This is a major priority for me, because I want us to stand out as the cryptocurrency capital of the United States or the world.

“We actually did three things,” he shared. “One is that we will put forward a proposal in October to allow our employees to pay in Bitcoin, allow our residents to pay in Bitcoin, and if the county allows it, even Bitcoin can be used to collect taxes.”

Regarding the countries that allow the city to hold bitcoin on its balance sheet, he said: “Of course, if we can hold it at the moment I put the resolution on the agenda, it will increase by 30% or 40%, so It looked like a genius at the time. But this is how it works.”

The mayor who supports Bitcoin also defended Bitcoin In an interview with Fox Business on Tuesday. He was asked to comment on whether Bitcoin is as worthless as JPMorgan Chase CEO Jamie Dimon said. The boss of the Global Investment Bank said on Monday, “I personally think Bitcoin is worthless.”

Suarez responded by saying: “Definitely worthless” and pointed out that the current price of Bitcoin is around $55,000.

What do you think of the remarks made by Miami Mayor Suarez? Let us know in the comments section below.

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