According to a statement by Mayor Francis Suarez, the citizens of Miami are thanks to the initiative of the municipality. in bitcoin can earn dividend income.
Miami Mayor in an interview with CoinDesk TV MiamiCoin Citizens who open their own digital wallet, pass the registration process and have their account verified they will distribute announced.
of the city MiamiCoin cryptocurrency, using the Stacks infrastructure CityCoins created on the platform. 70% of the revenue generated during MiamiCoin mining is transferred to the miner and 30% to the municipality’s wallet.
Until the end of September thanks to MiamiCoin $7.1 million Miami Municipality, which receives additional income, has increased this number in the intervening period. 21 million dollars took it out.
Mayor Suarez, using this source of income, return in bitcoin It plans to provide income and distribute it to the residents of the city as dividend income. Suarez believes that citizens who will be eligible to receive this income how to determine stated that no decision had been made on the issue.
Francis Suarez, thanks to a successful revenue model based on the crypto economy within the municipality, tax liability can be eliminated. is thinking.
Image: Miami, image modified by Koin Bulletin
