MIAMI (AP) — Miami’s mayor says he plans to distribute the proceeds from town’s cryptocurrency to residents.
Mayor Francis Suarez stated Thursday throughout an interview with a cryptocurrency information website that he was planning to transform the tens of millions of {dollars} in proceeds MiamiCoin has created right into a Bitcoin “dividend.”
He says Miami will be the primary metropolis in America to offer a Bitcoin yield as a dividend on to its residents.
Among the many questions that also have to be answered, in keeping with Suarez, are whether or not the dividends will go to taxpayers, residents, individuals who vote within the metropolis or those that have Miami addresses.
