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Tags: miami | francis suarez | bitcoin | cryptocurrency | treasury reserves

Miami Mayor Open to Putting Part of City Treasury Reserves in Bitcoin

bitcoin is shown with a white hallway background
(Dreamstime)

By    |   Tuesday, 12 January 2021 10:12 AM EST

Miami Mayor Francis Suarez is open to the possibility of putting a small percentage of his city's treasury reserves in bitcoin.

Late last month, Suarez had tweeted he was "definitely open to exploring it."

His comments came in response to a tweet by Anthony Pompliano, identified by Bitcoin.com as a Morgan Creek Digital partner. Pompliano had written: "Retweet this if you would move to Miami if Mayor @FranisSuarez put 1% of the city's treasury reserves in Bitcoin."

Bitcoin.com reported Suarez has been discussing "being able to use bitcoin and other cryptos to pay property taxes and city fees."

Yahoo News reported Suarez has been pushing for those Silicon Valley companies unhappy with California's taxes and regulations to move to Miami. It noted the cryptocurrency angle could be part of the strategy in that effort.

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StreetTalk
Miami Mayor Francis Suarez is open to the possibility of putting a small percentage of his city's treasury reserves in bitcoin.Late last month, Suarez had tweeted he was "definitely open to exploring it."His comments came in response to a tweet by Anthony Pompliano,...
miami, francis suarez, bitcoin, cryptocurrency, treasury reserves
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2021-12-12
Tuesday, 12 January 2021 10:12 AM
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