Nevertheless, however, Miami is proceeding with crypto. In October, the city forged a "gift agreement" with CityCoins that allowed Miami to draw proceeds from its crypto. But the city doesn't own or manage it, with Suarez noting in public statements only that Miami is just a legal beneficiary. In the beginning, the arrangement was beneficial to Suarez and CityCoins, the latter needing the support of big-city mayors as it promotes additional cryptocurrencies. As for Suarez, a rising GOP star who has national electoral ambitions, he has stated clearly he believes that MiamiCoin can help promote his image as a pro-big-tech political leader. By pursuing this political lane, he has managed to bolster his appeal to wealthy Silicon Valley libertarian tech entrepreneurs and cryptocurrency backers he managed to convince to relocate to the South Florida metropolis over the past two years. In 2020, for instance, Miami attracted 15 percent more tech workers than prior to the pandemic, while a record $4.6 billion in new venture capital funding hit the tech sector last year. But as for whether MiamiCoin will ever become viable again, the jury is still out. It has its fans, but it also now has a track record. Sources include: QZ.com NaturalNews.comWe're glad to welcome you to the global home of Web3! We're counting on tech and innovation to help drive our city forward. https://t.co/SY9pv1Ebct
— Eric Adams (@ericadamsfornyc) November 8, 2021
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