WEST SPRINGFIELD — Mayor William Reichelt will chair an advert hoc Cryptocurrency Exploratory Committee that may look at the advantages and dangers of the rising cryptocurrency market.
The committee will assist decide alternatives for municipal funding, development, and elevated types of fee choices for residents and workers.
“I look ahead to working with the opposite members of the committee to additional analysis the alternatives that could be accessible for West Springfield to benefit from this up and coming different to conventional forex,” Reichelt mentioned Tuesday. “I imagine that cryptocurrency presents a singular alternative to leverage accessible monetary alternatives, which have been extraordinarily restricted traditionally for municipalities.”
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