Miami-Dade County Might Quickly Let Locals Pay Taxes With Bitcoin

Danielle Cohen Higgins, District 8 County’s commissioner and agent on the Miami-Dade Board of County Commissioners, is presenting a resolution for developing a cryptocurrency job force that would evaluate the expediency of permitting homeowners to spend for county taxes, costs and services with bitcoin and other cryptocurrencies.

The objective, Cohen Higgins informed Miami News Times, is to get Miami-Dade County an action ahead of the other counties in the U.S.

The proposition comes in the middle of a growing pattern in Miami of trying to bring Bitcoin combination to the city’s services. Mayor Francis Suarez has actually been singing about checking out how Bitcoin and other cryptocurrencies can assist move Miami forward in the technological advancement landscape.

Cohen Higgins informed Miami News Times that” she has actually been influenced by Suarez’s accept of tech development and wishes to support his efforts at the county level by checking out cryptocurrency’s usage for community federal government.”

Mayor Suarez’s resolution to check out utilizing bitcoin for the payment of city workers and enabling homeowners to pay city charges and real estate tax in bitcoin got authorized in February

With homeowners and financiers of various backgrounds and citizenships, the city of Miami would take advantage of one element of bitcoin which other cities might ignore: federal government neutrality. Bitcoin would permit foreign financiers to pay without the losses generally sustained by currency exchange rate and charges. This can conserve both the city and the taxpayer time, effort and cash.

Apart from the governmental contributions, 2021 will be a terrific year for Miami and its Bitcoin neighborhood, as the biggest Bitcoin occasion of perpetuity got moved to the city. Furthermore, this sort of Bitcoin advancement and conversation likewise benefits the network, as it presses bitcoin to end up being a more widely-accepted, trustless cash. Having counties and federal governments explore this element of Bitcoin might help its adoption throughout other locations of society.

Learn More

Miami-Dade County Might Quickly Let Locals Pay Taxes With Bitcoin

Be up to date!

We don’t spam! Read our privacy policy for more info.

Domain Club
Register New Account
Reset Password
Compare items
  • Total (0)

We use cookies to personalize content and ads, to provide social media features, and to analyze our traffic. We also share information about your use of our site with our partners in social media, advertising, and analytics. By continuing to use our website, you accept the use of all cookies.