The governor proposed a $ 700,000 budget to promote crypto and Blockchain in Florida. He said it must become a “crypto-friendly” state.
It appears that the state of Florida, in the United States, is moving towards crypto-friendly regulation.
Florida Governor Ron DeSantis has presented a proposal so that residents of that jurisdiction can pay state fees with digital currencies. The proposal is part of the governor’s budget plan for the 2022-23 period. In addition to paying fees with cryptocurrencies, DeSantis has also presented a strategy to make the state more open to crypto and Blockchain.
Speaking at an event in Tallahassee, DeSantis emphasized that Florida must be “friendly with cryptocurrencies“. He also said the state would launch pilot programs to explore the use of the technology. Blockchain for payments of Medicaid and vehicle titles.
Our point of view as a state government is that this is something we welcome and we want to make sure that the state government is crypto-friendly.
Florida wants to be a crypto-friendly state
In a document Released Dec. 8, you can read some of the crypto-related highlights of the budget program.Freedom First Budget”Of USD $ 99.7 billion for the state of Florida.
One of the governor’s proposals is to award $ 200,000 to the state financial services department to give them the ability to accept state fees from corporations in cryptocurrency. This would allow companies with jurisdiction in Florida to pay the state amount with assets such as Bitcoin directly to the State Department.
“Florida promotes cryptocurrency as a medium of commerce and to foster Florida’s attractiveness to business and economic growth“, Indicates the document.
DeSantis also suggested a $ 500,000 budget to drive the implementation of Blockchain. Half of the funds would be used for the Florida Healthcare Administration Agency to launch a pilot with such technology to authenticate transactions of Medicaid. This would help identify potential fraud within the healthcare program, according to the proposal.
The other $ 250,000 would go towards a similar project to test blockchain-based titles within the Department of Highway Safety and Motor Vehicles.
“The purpose of the pilot program is to evaluate possible concepts, designs and technologies to maintain and make available motor vehicle title certificates through Blockchain technology, and to determine the feasibility of offering the public a permanent option to obtain or transfer certificates of titles using Blockchain technology“Reads the proposal.
DeSantis follows in the footsteps of the mayor of Miami
In total, DeSantis’s proposal would seek to direct $ 700,000 from the state budget to make Florida a crypto-friendly state.
Florida has been emerging as an attractive destination for cryptocurrency companies and enthusiasts in the United States; especially due to the positioning of Miami, one of the main cities in the state, within the crypto sphere.
This year, Miami Mayor Francis Suarez has led a vigorous campaign in defense of Bitcoin and has been working to push favorable policies for the crypto industry in that jurisdiction. Suárez also recently became the first politician in the country to receive his salary in Bitcoin, a move that others have now replicated.
The city this year became the first jurisdiction in the US to have its own cryptocurrency, called MiamiCoin; a project the mayor has been supporting. Miami was also the center of one of the biggest digital currency conferences this year and saw its stadium Miami Heat change name to FTX Arena, in honor of the crypto trading platform FTX.
Florida is not the only state in the country that is pushing measures to promote the local cryptocurrency industry. Legislators and politicians in other US jurisdictions, such as Wyoming, Texas and New York, are also working towards favorable regulations.
Article by Hannah Estefanía Pérez / Daily bitcoin
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