The US government has always been an outspoken critic of everything new. Nevertheless, it has mainly resorted to the implementation and development strategy instead of imposing a total ban. The cryptocurrency industry is no exception. While some nations do everything to introduce restrictions on digital assets, the US is seeking solutions to make money.
The city of Miami is preparing to launch its own cryptocurrency called MiamiCoin (MIA). It will essentially allow people to invest in Miami by buying the coin. Those who invest will be rewarded in bitcoin. It is not just a project developed by a group of enthusiasts. Miami Mayor Francis Suarez is personally involved in the venture. He intends to turn the city into a center of tech companies and crypto startups. Francis Suarez believes that the project could bring the city millions of dollars. He also invited Chinese miners to the US.
Anyone will have access to MiamiCoin mining. According to developers, if it gains in popularity, investors will be able to passively earn BTC by simply owning MiamiCoin. In a press release, it is said that the coin will soon be available for trading on several exchanges.
Meanwhile, miners earned almost a billion dollars on BTC in July. Their monthly revenue totaled $971.8 million. This is higher than in June when they generated an income of $839 million.
