PayPal Holdings Inc (NASDAQ: PYPL) wants to shape the future financial system and central bank digital currencies are a part of its vision, as per CEO Dan .
The resolution also “allows our residents to pay for fees in Bitcoin, and also would allow the city manager to cooperate with Miami-Dade county to allow for taxes to be paid in Bitcoin,” said Suarez.
The city official said that the resolution also “requests of the state legislature that the City of Miami supports efforts to make Bitcoin an acceptable currency for us to potentially invest in the future.”
Why It Matters: The commission approved the mayor’s resolution 4-1 but agreed only to study the cryptocurrency-related proposals instead of acting on them as the resolution had originally proposed, Bloomberg reported.
The resolution also “allows our residents to pay for fees in Bitcoin, and also would allow the city manager to cooperate with Miami-Dade county to allow for taxes to be paid in Bitcoin,” said Suarez.
The city official said that the resolution also “requests of the state legislature that the City of Miami supports efforts to make Bitcoin an acceptable currency for us to potentially invest in the future.”
Why It Matters: The commission approved the mayor’s resolution 4-1 but agreed only to study the cryptocurrency-related proposals instead of acting on them as the resolution had originally proposed, Bloomberg reported.
If you’ve been glued to the impeachment proceedings unfolding in the United States, you’re far from alone. But as the news out of Washington winds down for the weekend, why not take a few minutes to catch up on the biggest business and economic news stories you might have missed?
Pour yourself a cup of tea (or take that coffee out of the microwave … again) and dig into these must-know numbers. We promise they’ll make you the smartest person on your group text.
11 days
The span in which three separate missions to Mars were launched last year, and as those spacecraft arrive this week and next, the Red Planet is getting a little more crowded, writes Al Jazeera’s David Child.
The Bank of New York Mellon Corp plans to hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset management clients later this year, the Wall Street Journal reported on Thursday.