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Navigating CityCoins: Miami citizens to earn Bitcoin despite the city not holding crypto
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Miami is quickly becoming the crypto capital of the United States. In August of this year, the Magic City was the first state in the U.S. to launch MiamiCoin (MIA), its very own cryptocurrency used for civic engagement. A few months later, Mayor Francis Suarez announced that every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend.
While such a proposal would make Miami the first city in America to provide a Bitcoin (BTC) yield to its residents, Mayor Suarez told Cointelegraph that the City of Miami does not actually own or hold MiamiCoin, or any cryptocurrency for that matter.
According to Suarez, CityCoins is an independent community acting in its own capacity. “CityCoins launched MiamiCoin as a way for
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