Florida Governor Ron DeSantis formally proposed to the state government to allow businesses to pay state-related expenses with cryptocurrencies such as Bitcoin.
The Republican governor announced the idea in his 2022-2023 budget proposal, released Dec. 9.
According to official budget priorities, DeSantis proposed providing $200,000 to the Department of Financial Services to enable Florida businesses to “pay state-related expenses directly to the State Department via cryptocurrency.”
"Florida encourages the use of cryptocurrencies as a means of doing business and further enhances Florida's attractiveness for business and economic growth," the document reads.
DeSantis also proposed an additional $500,000 to explore the potential of blockchain technology in maintaining motor vehicle records as well as verifying Medicaid transactions and detecting potential fraud.
The $700,000 proposal aims to achieve a cryptocurrency-friendly Florida, the budget proposal reads.
Florida has been steadily becoming a major crypto-friendly jurisdiction in the United States, and one of its major cities, Miami, is being aggressively promoted as the “Bitcoin and Cryptocurrency Capital of the World.”
Last month, Miami Mayor Francis Suarez announced his goal to become the first U.S. lawmaker to accept bitcoin as part of his salary. The official reportedly owns both Bitcoin and Ethereum.
In September, Miami city commissioners voted to accept funding generated by a new cryptocurrency, MiamiCoin, which was launched in August by smart contract protocol CityCoins. According to the Mayor of Miami, as of mid-November, MiamiCoin has generated more than $21 million in revenue, and MiamiCoin will be provided to all Miami residents in the form of bitcoin dividends.
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