Francis Suarez, the mayor of Miami, stated in an interview that he desires to develop Miami as a crypto-friendly city. He explained that their policymakers are analyzing and assessing cryptocurrency and blockchain-friendly regulations. He said that “[Miami is] making sure that we have the most progressive crypto laws, and we want to make sure that we believe that if all things are equal, we win. So, we just want to equalize the playing field. We want to make sure that nobody has an advantage over us based on laws that are easily changeable.”
The mayor appreciated Wyoming by saying “kudos for being smart” by facilitating the crypto industry. He further elaborated that each and every city across the US and around the globe should strive to develop its technology for the better future of their coming generations. Anyone who hesitates or unwilling to accept the technological innovations will certainly be affecting its future generations.
The Mayor did not reveal the exact deadline for the regulation announcement and their implementation. However, the Suarez crypto-friendly approach is being appreciated in the crypto industry.
Recently, the director of the European Central Bank (ECB), Cristine Lagarde urged for global regulations regarding Bitcoin, and other digital assets. Similarly, the Panama lawmaker also drafted a bill, demanding the need for crypto regulations.