As early as mid-February, Bitcoin.com News reported on the Mayor of Miami, Francis Suarez, who supported the idea that the city should keep Bitcoin in the treasury and also allow tax payments in Bitcoin. On April 15, 2021, reports show that the city could soon adopt the concept of tax payments as District 8th District Commissioner Danielle Cohen Higgins urged the convening of a Miami-Dade digital currency task force.
A resolution for a cryptocurrency task force was presented to an infrastructure committee in Miami-Dade
A few years ago, at the North American Bitcoin Conference (TNABC) in Miami, Mayor Francis Suarez told the audience that he wanted the city to become a center for cryptocurrency and blockchain for innovation. Later, when digital currencies hit new price highs in 2021, Suarez pushed for the city to keep Bitcoin (BTC) in the treasury and wants to allow tax payments in BTC as well. At that time, the city commissioners voted for the crypto infrastructure and also kept the leading crypto asset in the state treasury.
Now, the ability to pay Miami-Dade taxes could come into play in the near future. 8th District Commissioner Danielle Cohen Higgins told the Miami New Times news outlet that a resolution had been submitted to the city’s Infrastructure, Operations and Innovation Committee. The Miami New Times report shows that the resolution hopes to set up a 13-person cryptocurrency task force to look at the solutions at hand. Once the group is formed, they will investigate the idea of residents using Bitcoin to pay taxes.
The article would create a task force that could look into the feasibility of using cryptocurrency in Miami-Dade County to investigate possible benefits and pitfalls that might arise from using it. It is important to explore all the possibilities that a growing presence of technology and startups can support for the benefit of our economy, ”Cohen Higgins said in an interview.
District 8 County Commissioner hopes for a tech boom in South Miami-Dade County
Suarez has been trying to get the tech industry to visit Miami for years, and many business moguls from places like Silicon Valley have accepted his offer. “I’m in Miami right now and I think I’ve seen more people from SF here than I did in SF last year,” tweeted JD Ross, co-founder of ibuying startup Opendoor, on January 10th. The city also has a vibrant crypto community, conferences like TNABC, and Bitcoin ATMs all over the city.
8th district commissioner Cohen Higgins has said a tech boom in Miami is welcome. The Cryptocurrency Task Force must seek approval from the entire County Commission to advance these concepts. “I’d love the tech boom that’s already underway to settle in South Miami-Dade County,” concluded Cohen Higgins. “I would love if they consider us and have a seat at the table. If we had a technology or innovation park [in South Dade], that would be really helpful, “she added.
What do you think of Miami to introduce bitcoin acceptance for taxes? Let us know what you think on this matter in the comments section below.
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