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Ron DeSantis – the Governor of Florida and a member of its Republican party – suggested that the authorities should permit the businesses to recompense state fees in digital assets like Bitcoin (BTC). He mentioned that the government has the plan to initiate pilot projects for the exploration of the blockchain technology utility for the monitoring of records of motor vehicles as well as the validation of Medicaid settlements.

Becoming a state which is friendly with crypto

Ron DeSantis, during the appearance thereof in Tallahassee, incorporated his concept being included in the budget proposal of 2022-2023. He is of the view that the bodies functioning in Florida’s territory should be allowed to recompense the state fees through digital assets straight to the State Department.

Additionally, he suggested that $250,000 out of the cumulative budget be dispensed for the support of a Blockchain Title Pilot Program in Motor Vehicles and the Department of Highway Safety. DeSantis mentioned that the core crypto technology could be assistive when observing automobile records.

Moreover, he recommends that the Health Care Administration Agency of Florida should be the place for blockchain technology’s implementation as the Medicaid transactions could be authenticated through this along with the detection of potential fraud. The entire distribution out of the crypto industry budget cumulates to be $700,000. In the end, DeSantis indicated that this counts to be a thing that is welcomed by them, and they intend to guarantee that the state is crypto-friendly.

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Miami to be the suitable place for crypto

Miami – the city which is considered to be the pearl of Florida – has started its transformation into a hub for cryptocurrency under the reign of Francis Suarez (the pro-Bitcoin mayor). This summer, the largest-ever occasion was hosted by the metropolis, taking account of the earliest digital asset.

In the case of mayor Suarez, he has BTC in his holdings with having a keen supporting behavior for the crypto industry. It has not been so much time since he asserted to acquire his salary of impending year in BTC (Bitcoin).

The mayor considers that the most important benefit of the asset is its zero correspondence with the monetary policy or fiat system. Simultaneously, the core blockchain technology thereof is categorized as being extremely secure and decentralized blockchain across the globe, he opined.

After that, in the recent month, the mayor of Miami disclosed that the administration thereof is operating on making the citizens capable of recompensing Bitcoin for their taxes, and some optimistic results have been achieved by Miami Coin – the crypto project of his city.

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Nathan Ferguson

By Nathan Ferguson

Nathan Ferguson is a talented crypto analyst and writer at Herald Sheets, dedicated to delivering comprehensive news and insights on the ever-evolving digital currency landscape. With a strong background in finance and technology, Nathan's expertise shines through in his well-researched articles and thought-provoking analysis. He holds a degree in Economics from the University of Chicago, and his passion for cryptocurrency drives him to stay up-to-date with the latest industry trends and developments.