Miami Mayor Francis Suarez says his city is taking the next step in Bitcoin adoption by exploring how to accept BTC for tax payments.
In a new interview on The Best Business Show with Anothony Pompliano, Suarez says that as Bitcoin emerges into the mainstream, holding BTC on Miami’s balance sheet seems like an increasingly logical idea.
“It may require some state law changes, so we’re working with the state on creating a crypto-friendly environment for our state, which requires how we classify Bitcoin, regulation, banking, and of course things like holding it on our balance sheet…
Every day that Bitcoin becomes more and more mainstream, I think is a good day for the city to hold it as an asset, particularly given some of the levels of inflation that we’re seeing in the C.P.I (consumer price index) over the last few months.”
Suarez, who led the way in creating the city’s own altcoin called MiamiCoin (MIA), says