Crypto City: The ultimate guide to Miami – Cointelegraph Magazine

Miami is fast becoming one of the major hubs in the crypto world with more and more blockchain companies moving to the city each year. Miami is one of only nine states in the United States that does not levy a state tax on ordinary personal income. The city has the Miami-Dade County Cryptocurrency Task Force, designed to research and enact crypto legislation to benefit local residents. In August 2021, the City of Miami partnered with CityCoins to launch a municipal digital currency, dubbed “MiamiCoin” The project initially raised $23 million, but like everything, it was hit hard by the crypto bear market, and the token has lost nearly 90% of its value, while Bitcoin’s price has fallen around 70%. Source