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Miami Mayor Francis Suarez: Now Exploring How To Accept Bitcoin for Tax Payments

Amy Liu

Summary: Miami Mayor Francis Suarez says his city is taking the next step in Bitcoin adoption by exploring how to accept BTC for tax payments. 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 ...

Miami Mayor Francis Suarez says his city is taking the next step in Bitcoin adoption by exploring how to accept BTC for tax payments. 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", he said. According to the mayor, city officials have already begun the legislative process to one day allow payments of taxes, fees and more to be made with BTC.

By Amy Liu

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