Governments all over the world are adopting cryptocurrency into their economies and day-to-day life. With the correct usage by federal governments, crypto could lead to massive leaps in infrastructure, the creation of millions of jobs, and could aid developing countries in building their economies. In the last year, the world has started slowly seeing the adoption of several different coins by countries all around the globe. The Bitcoin Law in El Salvador, which became effective on September 7th of this year, made the coin legal tender within the country. The adoption of bitcoin within the country has not gone completely smoothly, with some users falling victim to scammers and glitches…
-
-
Miami Mayor: Pay city workers, accept taxes in Bitcoin
Mayor Francis Suarez wants to make Miami a player in the cryptocurrency industry, and hopes to convince the state to let it invest in Bitcoin
“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.