The yield comes from the staking of the city’s own cryptocurrency, MiamiCoin, which was introduced early this year and has already earned over $21 million in the past three months for Miami. Suarez noted that if you were to annualize that revenue, it would equal roughly one-fifth of Miami’s total annual tax revenue of $400 million.
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November 11, 2021 at 10:32PM
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Miami to Give ‘Bitcoin Yield’ From MiamiCoin to Its Citizens - CoinDesk
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