Miami-Dade County Commissioner Danielle Cohen Higgins stated probably permitting residents to pay taxes in bitcoin may very well be a “robust first step” towards her group changing into “the crypto capital of the world” on FOX Enterprise’ “Cavuto: Coast to Coast.”
DANIELLE COHEN HIGGINS: What I would love to do is create a process power with the intention to look into the viability and the feasibility of permitting our residents to pay for charges and providers in bitcoin. Pay attention, bitcoin has been round for some time. It is an asset. It is also a technique and a type of fee. Nevertheless it’s a burgeoning trade. And we’re open for innovation right here in Miami-Dade County, in south Miami-Dade County. And we need to welcome these modern firms and create an setting that’s as engaging to them as attainable.
The volatility is definitely one of many dangers related, however many are agreeing that the advantages outweigh these dangers. Giant companies are beginning to settle for this type of fee — AT&T, Residence Depot and lots of others. And I imagine that that is the wave of the long run. Miami-Dade County is made up of immigrants. We’re made up of a group of entrepreneurs. We’re accustomed to taking sure ranges of dangers which can be mitigated and which can be calculated. And we need to be ready for the long run. We’re at all times, at all times centered on right this moment, however at all times centered and taking a look at being ready for tomorrow. And I see cryptocurrency and bitcoin being precisely according to that.
I need to watch out, clearly, as a result of this may be a giant step for the county. Different municipalities have handed related laws. And in our state capital in 2019, there was related laws handed relating to blockchain expertise and looking out into it. So I believe that authorities must be proactive as a substitute of reactive. And my purpose is just to place collectively a process power of execs which have at the least 5 years expertise on this planet of finance, banking and cryptocurrency to try whether or not Miami-Dade could be the forefront and is usually a chief on this. Once more, it is an trade — we need to welcome occasions. We need to welcome companies. And we need to be the crypto county or the crypto capital of the world. And this, I imagine, is a really, very robust first step.