Miami is considering city employees bitcoin

miami is considering city employees bitcoin
Suarez Mayor-Save Miami City Homepage

Bloomberg News reported on the 11th (local time) that a local government that pays employees’ salaries in bitcoin came out in the US.

The most talked-about municipality is Miami, Florida. Miami Mayor Francis Suarez said in a press conference that he would not only pay employees’ salaries in bitcoin, but also pay taxes in bitcoin.

He added that employees can get their paychecks in bitcoin if they want, and those taxpayers who want to pay their taxes in cryptocurrency (virtual currency) can do so.

He said he is also considering investing in cryptocurrency for some funds managed by the city government.

Bloomberg introduced that the local government that pays employees’ salaries in cryptocurrencies such as bitcoin is the first in the history of the United States.

Suarez’s move seems to be one of the efforts to attract high-tech IT companies concentrated in Silicon Valley to Florida. Recently, Silicon Valley IT companies are considering moving away from Silicon Valley, where taxes are high, to lower taxes, such as Texas and Florida.

Bloomberg said his proposal was fueled by Tesla’s purchase of $1.5 billion worth of Bitcoin on the 8th.

Meanwhile, Mayor Suarez is aiming for reelection this year.

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