Miami Today reports that the Miami-Dade Cryptocurrency Task Force is exploring the possibility for the county to start accepting cryptocurrencies and other digital monetary forms as acceptable methods of payment countywide for taxes, fees and services. Task Force members agreed to study what has been done in other municipalities, survey county residents to evaluate their interest in cryptocurrency, search for vendors that could provide transaction and custodian services to the county, and work on recommendations of best practices.
Miami partner Daniel Stabile, who was recently named Vice Chairman of the Task Force, said:
“I was delighted to see that unanimously task force members at our first meeting were articulating the very same idea that the most important thing here is that if we’re going to do this, we’re doing it in a way that serves the people of Miami-Dade County.”.
Click here to read full article.
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 and since 2018 has taught a popular course at the University of Miami Law School on digital asset regulation. He has also co-authored a first-of-its kind textbook on the subject.