The Mayor of Miami wants “the most advanced crypto laws”

Francis Suarez, who has served as Mayor of Miami since 2017, aims to make the city the most attractive in the United States to those in the cryptocurrency and blockchain industries.

Published in an interview with Forbes on Sunday, Suarez said Miami lawmakers are investigating the policies of crypto-friendly areas such as Wyoming and New York to promote regulatory incentives for cryptocurrencies and the blockchain in Florida.

“”[Miami] ensures that we have the most advanced crypto laws “, Said Suarez. “We want to make sure we win when all things are the same. So we just want to level the playing field. We want to make sure that no one has an advantage over us based on laws that can easily be changed. “

The Mayor of Miami wants “the most advanced crypto laws”
The Mayor of Miami wants “the most advanced crypto laws”

Mayor Suarez did not describe the race for the regulatory winner as a battle between lawmakers in other jurisdictions. Rather, it gave Wyoming “praise it was smart” for attracting crypto companies, But he added that “all cities in the United States and the world should try to expand their technological ecosystem.”

“We are working to ensure that our incentives are in order and that our legislation promotes cryptocurrencies and the blockchain and is progressive.”

The mayor has already made several bullish statements about Bitcoin (BTC) and cryptocurrencies in the past few weeks. including the possibility that Miami is considering allowing city employees to receive their salaries in BTC instead of US dollars. He also suggested allowing Miami residents to pay local fees and taxes using cryptocurrencies. Not only did he invest part of the treasury in Bitcoin, a task he described as “the most difficult” of the three ideas.

He has spoken to some high profile figures in the crypto community, including a meeting with Gemini co-founders Tyler and Cameron Winklevoss. Earlier this month, Tyler said that the mayor “shows the way for governments and Bitcoin”.

Mayor Suarez did not provide a timetable for when these measures could take effect for Miami’s 450,000 residents. but some in the crypto community seem to have noticed. Last week, Bitcoin 2021 announced it would be moving from Los Angeles to Miami for its June cryptocurrency conference.

Similar Posts