The Biscayne Times recently reported on Miami’s goal of making itself the “global center of crypto trading and mining.” The article discusses Mayor Francis Suarez’s “How Can I Help?” campaign, part of which rolls out “the welcome mat for venture capitalists and tech companies frustrated by the high-tax structure and bureaucracies of California and New York.”
Miami-Dade County has formed a cryptocurrency task force that will examine the possibility of the county accepting cryptocurrency for the payment of taxes and fees. Daniel Stabile, a partner in the Miami office of Shutts & Bowen LLP and a member of the cryptocurrency task force, explained why it is a good idea for local governments to analyze potential cryptocurrency and blockchain applications.
“Even our institutional financial services clients at the firm are recognizing that blockchain technology, in one form or another, is likely to play an increasingly large role in our lives,” said Stabile, who also has taught blockchain regulation at the University of Miami Law School since 2018.
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About Daniel Stabile
Daniel Stabile is a partner in the Miami office of Shutts & Bowen LLP, where he is a member of the Financial Services Practice Group. The firm's Financial Services Practice Group has been recognized by Chambers USA as a Band 1 banking and financial practice area since its first publication. Daniel is a leading attorney in the distributed ledger and digital asset spaces.