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(Miami, FL) -- The city of Miami is getting into the cryptocurrency business, announcing it will soon debut "MiamiCoin."
It's the first CityCoin to market, according to the CityCoin website. The new Miami-based digital currency announcement comes on the heels of the city hosting the largest cryptocurrency conference two months ago.
Mayor Francis Suarez says the city stands to earn millions off of MiamiCoin as Miami has become the "bitcoin capital of the world," as he puts it.