Mayor Francis Suarez wants to turn Miami into a bitcoin hub – and by some measures he’s succeeding. Due to its low taxes, laid back rhythm and Suar
Mayor Francis Suarez wants to turn Miami into a bitcoin hub – and by some measures he’s succeeding. Due to its low taxes, laid back rhythm and Suarez’s open embrace of crypto, “Magic City” was a clear winner in the exodus of tech workers from major tech centers in California and New York during the coronavirus pandemic. Several crypto firms relocated permanently. Suarez’s open call to crypto is more than rhetoric: he took a paycheck in bitcoin and is working on ways to accept taxes and pay municipal employees in the currency. He also announced MiamiCoin, built on the Bitcoin adjacent blockchain, Stacks, which could someday pay a recurring BTC stimulus to Miami citizens.
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