Francis Suarez, who has served as mayor of Miami since 2017, wants to make the city the most attractive city in the United States for those working in the cryptocurrency and blockchain industries.
In an interview with Forbes published on Sunday, Suarez said lawmakers in Miami are studying the policies of crypto-friendly regions such as Wyoming and New York in an effort to strengthen regulatory incentives for crypto and blockchain in Florida.
“[Miami] makes sure we have the most up-to-date code laws,” Suarez said. “We want to be sure that we believe that if everyone is equal, we will win. So we just want to level the playing field. We want to make sure that no one has advantages over us based on laws that can be changed. ”
Mayor Suarez has not characterized the race for organizational victory as a battle between lawmakers in other jurisdictions. Instead, he gave Wyoming a “reputation for being smart” in attracting cryptocurrencies, but added that “every city in America and in the world should try to grow its own technological ecosystem.”
“We work to ensure that we have incentives and that our legislation promotes cryptography, blockchain and future law.”
The mayor has already issued several positive statements about bitcoin (BTC) and cryptocurrencies in recent weeks, including forcing Miami to consider letting city employees receive wages in BTC instead of US dollars. He also proposed allowing Miami residents to pay local taxes and taxes using cryptocurrencies, as well as investing part of the city’s coffers in bitcoin, which he called the most difficult of the three ideas.
In fact, he spoke with several high-profile figures in the crypto community, including meeting with Gemini founders Tyler and Cameron Winklewos. Tyler said earlier this month that the mayor “paves the way for governments and bitcoin.”
The mayor of Suarez has not given a timetable for when these measures will take effect for 450,000 residents of Miami, but some in the crypto community seem to have noticed. Last week, Bitcoin 2021 announced that it would move from Los Angeles to Miami to attend a cryptocurrency conference in June.