The Miami-Dade County office is backing a brand new resolution to allow occupants to use cryptocurrencies including Bitcoin ( BTC ) to pay local taxes.
Based on a Thursday record acquired by the Miami New Instances, County Commissioner Cohen Higgins has brought a resolution to Miami-Dade’s Facilities, Operations and Innovations Committee calling for the establishment of a 13-member crypto task push.
The task force would look at the feasibility of allowing residents to pay for their county fees, as well as pay for charges and services, making use of digital currencies including Bitcoin, Ether ( ETH ) and Litecoin ( LTC ). According to the document, crypto payments have the “potential to improve convenience and save costs. ”
“The product would establish a job force that could delve into the feasibility associated with using cryptocurrency within Miami-Dade County, to learn any potential benefits and pitfalls which could result from its use. It is important to explore almost all avenues that can support an expanding technology and startup presence to benefit our economy, ” Higgins said .
The proposal should go before the Miami-Dade panel on Thursday in noon local time. If the resolution goes by, it still should be approved by the full region commission.
The resolution describes a similar initiative passed by the administration of the City of Miami on Feb. 11, which called for a study to determine the feasibility of allowing Arkansas residents to pay taxes, and for city workers to receive salaries within Bitcoin. The quality was proposed simply by Miami Mayor Francis Suarez who is aggressively campaigning to make the town a crypto killer spot in the usa.
Hemang Subramanian, a blockchain-focused assistant professor at Florida International University’s business school, recommended that crypto could be attractive for Miami residents due to the city’s large population originating from other countries. As crypto is stored in digital wallets rather than tied to a specific nation, foreign investors plus residents won’t have to pay exchange fees to change their home currency to the U. S. buck and vice-versa.