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'I Don't Push Anything': Mayor Francis Suarez on MiamiCoin

Suarez, who praised the MiamiCoin initiative last year, said bad tokenomics may have led to the private cryptocurrency created to benefit the U.S. city shedding 95% of its value in a matter of months.

Miami Mayor Francis Suarez says the tokenomics of MiamiCoin, a private cryptocurrency that promised to benefit his U.S. city, are off. (Nikhilesh De/CoinDesk)
Miami Mayor Francis Suarez says the tokenomics of MiamiCoin, a private cryptocurrency that promised to benefit his U.S. city, are off. (Nikhilesh De/CoinDesk)