“I want to thank the city of Miami commissioners for supporting my resolution which directs the city manager after analysis to procure a vendor to be able to offer our employees to get a percentage of their salary in Bitcoin, allows our residents to pay for fees in Bitcoin, and also allow the city manager to cooperate with Miami-Dade County to allow for taxes to be paid in Bitcoin," Suarez said in comments posted on Twitter.
‘Crypto is a threat’: Central Bank of Nigeria closes exchanges’ bank accounts
An official of the Central Bank suggested that cryptocurrencies are best suited for illegal uses, and said he was alarmed by their use as a speculative asset
“The question that one may need to ask therefore is, why any entity would disguise its transactions if they were legal," asked Central Bank of Nigeria acting director of corporate communications Osita Nwanisobi. "It is on the basis of this opacity that cryptocurrencies have become well-suited for conducting many illegal activities including money laundering, terrorism financing, purchase of small arms and light weapons, and tax evasion.”
India close to deciding on digital rupee as crypto ban advances
The Reserve Bank of India says it will decide “very soon” whether to create a central bank digital currency, while a bill banning cryptocurrencies advances
The announcement comes in the wake of reports last week that prime Minister Narendra Modi’s government plans to pass a “Cryptocurrency and Regulation of Official Digital Currency Bill” that establishes a legal framework for a CBDC while banning private cryptocurrencies—although certain exceptions would be made for tokens used by blockchain projects.
PayPal CEO suggests crypto becoming a core business
Dan Schulman also revealed that customers who engaged with the Bitcoin features opened the PayPal app at twice the rate of others
Calling the current cash-based financial system “antiquated,” Schulman said “we can envision a future where transactions are completed in seconds not days, a future where transactions should be less expensive to complete and a future that enables all people to be part of the digital economy, not just the affluent.” He added: "We are significantly investing in our new crypto, blockchain and digital currencies business unit in order to help shape this more inclusive future.”