Miami Mayor Francis Suarez has a plan to transform the city into the world’s “cryptocurrency innovation hub,” and one of the outcomes, he claims, could be a metropolis free from taxes.
Democracy Dies in Darkness
Crypto tax: ‘MiamiCoin’ has made the city $7 million so far, a potential game-changer for revenue collection
The South Florida city is the first municipality to accept cryptocurrency contributions through CityCoins, which the mayor says may one day take the place of taxes
By Dalvin Brown
September 30, 2021 at 6:00 a.m. EDT