The recent interest from banks, billionaires, and financial institutions opened more doors for Bitcoin adoption by government and officials. Meanwhile, several U.S. states showcased interest in adopting the digital token. New Jersey had also proposed a regulatory framework for cryptocurrency-related company.
Miami commissioners have to study the use of BTC
However, a report by the Miami Herald stated that Miami’s commissioners had another say about it. The commissioners voted Thursday night to study the use of the digital currencies before allowing payments or giving municipal workers options to get paid in Bitcoin or fiat. Although Suarez wanted commissioners to approve the use of bitcoin immediately, he said that the vote is a step in the right direction.
On the other hand, commissioners have already voted for launching educational campaigns in English, Spanish, and Creole — aiming to inform more people about the cryptocurrencies. Additionally, commissioners encouraged the state legislature to pass laws that can further facilitate the city’s investment in the digital token. According to a report by Miami Herald, Mr. Suarez advocated the city’s treasury funds to invest in BTC.
