Miami Propose To Allow Payment Of Taxes In Bitcoin

about 3 years ago

This month, Miami will file legal procedures to accept BTC for payment of local taxes. Miami's population is around 450,000 so that is a pretty big deal.
Miami's definitely ahead of its time in this respect and it would go along way in their other plan to attract crypto miners to the city. By using nuclear energy, they hope to turn Miami into a 'green' mining hub in the wake of Chain's ban on crypto.

It is good to see cities and states in the US embracing crypto and not doing the type of outright banning that we see in China or the talking down like the European Central Bank's Christine Lagarde does.

I'm adding this one to the file for BTC 100K by the end of the year. Just a matter of time before other cities start accepting it and with BTC maintaining the $40,000 level pretty well, I think it will see more cities and states adopt BTC as a form of payment.

Overall positive developments for crypto as a whole since more people get exposed to BTC and then the rest of the crypto ecosystem.

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about 3 years ago

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