Miami will give out free bitcoins to residents from the profits of the city’s coins

According to Mayor Francis Suarez, every Miami resident with a digital wallet is eligible for the Bitcoin bonus.

“We will be the first city in the United States to directly provide residents with bitcoin proceeds as dividends,” Suarez said in a statement. interview November 11.

City coin release Miami coin Cryptocurrency in August, which helps fund municipal projects by generating revenue.

The income generated by collateralizing MiamiCoin exceeds 21 million USD For the city.Its backup wallet Conversion MiamiCoin deposits USD in accordance with the order of city officials. Suarez said that if yields continue to maintain this level, they may fully meet the city’s tax needs.

“Why don’t you reduce taxes on people?”

However, residents do not need to own any MiamiCoin to get free BTC.

“We will create digital wallets for our residents,” Suarez said. “We will give them Bitcoin directly from the proceeds of MiamiCoin.”

He said that the ultimate goal is to let more and more people master Bitcoin.

As far as local lawmakers are concerned, Suarez is one of Bitcoin’s biggest supporters.Just last week, Suarez and Mayor of New York City Eric Adams Announce them Yes will accept Their next salary is Bitcoin. Their promise was quickly supported by Jane Castor, Mayor of Tampa Bay, Florida.

In February, Mayor Suarez announces plans Through the promulgation of “the most advanced encryption law”, the city of Miami has become a major cryptocurrency center. Appropriately, Bitcoin conference this year Held in Miami, it attracted the largest crowd in the history of the annual event.

related: Citizen participation and encryption: Miami launches its own digital coin

According to Suarez’s news, the price of Miami Coin rose by 18% to a daily high of $0.02369489. Gingerko.

Cointelegraph has contacted the mayor’s office for more information.