The governor proposed a budget of USD $700,000 to promote crypto and Blockchain in Florida. He said it must become a “cryptocurrency friendly” state.
It seems that the US state of Florida is moving towards cryptocurrency-friendly regulation.
Florida Governor Ron DeSantis has introduced a proposal to allow residents of that jurisdiction to pay state fees with digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currencies. The proposal is part of the governor’s 2022-23 budget plan. In addition to paying fees with cryptocurrencies, DeSantis has also laid out a strategy for the state to be more open to crypto andBlockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies..
Hablando en un evento en Tallahassee, DeSantis emphasized that Florida must be ” cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. friendly “ . He also said the state would launch pilot programs to explore the use of the technology.Blockchain for payments ofMedicaid and vehicle titles.
Our view as a state government is that this is something that we welcome and we want to make sure that the state government is cryptocurrency friendly.
Florida wants to be a crypto-friendly state
In a documento published on 8 December you can read some of the crypto-related highlights of the budget programme “Freedom First Budget“The state of Florida has been awarded $99.7 billion.
One of the governor’s proposals is to grant USD $200,000 to the state’s department of financial services to give them the ability to accept state fees from corporations in cryptocurrencies. This would allow companies with jurisdiction in Florida to pay the state amount with assets likeBitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. directly to the State Department.
“Florida promotes cryptocurrency as a means of commerce and to boost Florida’s attractiveness to businesses and economic growth“, the document states.
DeSantis also suggested a budget of $500,000 to boost the implementation of the Blockchain. Half of the funds would be used for the Florida Agency for Health Care Administration to implement a pilot of such technology to authenticate health care transactions.Medicaid.This would help identify potential fraud within the health program, according to the proposal.
The other USD $250,000 would go towards a similar project to test blockchain-based securities within the Department of Highway Safety and Motor Vehicles.
“The purpose of the pilot program is to evaluate possible concepts, designs, and technologies for maintaining and making motor vehicle certificates of title available through Blockchain technology, and to determine the feasibility of offering the public a permanent option a contract giving the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price. for obtaining or transferring certificates of title using Blockchain technology.“, reads the proposal.
DeSantis follows in Miami mayor’s footsteps
In total, DeSantis’ proposal would seek to direct $700,000 from the state budget to make Florida a crypto-friendly state.
Florida has been emerging as an attractive destination for cryptocurrency companies and enthusiasts in the United States; especially due to the positioning of Miami, one of the state’s major cities, within the crypto sphere.
This year, Miami Mayor Francis Suarez has led an energetic campaign in defense ofBitcoin and has been working to push for crypto-friendly policies in that jurisdiction. Suarez also recently became the first politician in the country to receive your salary in Bitcoina movement that is now others have replied .
- Miami Mayor Francis Suarez expects residents to be able to pay taxes with Bitcoin as early as October
The city this year became the first jurisdiction in the U.S. to have its own cryptocurrency, called MiamiCoin ; a project the mayor has been supporting. Miami was also the center of one of the largest digital currencies conferences this year and saw its stadiumMiami Heat rename toFTX Arenain honor of the crypto trading platform a place to buy, sell and store cryptocurrency FTX.
Florida is not the only state in the country that is pushing for measures to promote the local cryptocurrency industry. Legislators and politicians in other U.S. jurisdictions like Wyoming , Texas y New York are also working for favorable regulations.
- Miami Mayor Francis Suarez: “We are going to be the first city in the U.S. to give rewards in Bitcoin”.
- Miami Mayor Francis Suarez unveils progress on plan to pay public employees in Bitcoin
- Crypto industry CEOs testify before U.S. Congress
Article by Hannah Estefania Perez /DiarioBitcoin
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