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What Will Happen to Miami’s Cryptohub Status?
Miami has always been famous for its beaches, beautiful people and glamorous nightlife. More recently, the city has made headlines as it seeks to establish itself as a cryptocurrency hub, with entrepreneurs flocking its palm-lined streets and witnessing an influx of crypto startups. They were drawn to both Miami’s charismatic, crypto-friendly Mayor Francis Suarez and promises of tax cuts. And of course… we have FTX. A bankrupt cryptocurrency exchange had the naming rights to his basketball arena for the Miami Heat. And just about a month before the stunning bankruptcy, the exchange was planning to move one of his top branches to the heart of the city’s financial centre. In its aftermath, and overall negative sentiment in the cryptocurrency market, the city faces tough questions about its role in the future of the digital asset industry.Bloomberg reporter Carly Wana has been in Miami recently and joins Vildana Hadzrich in this episode to break down how the tropical city is adapting to the recent crypto crisis. https: Subscribe to the Bloomberg Crypto Newsletter at //bloom.b/cryptonewsletter
January 4, 2023
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