In a shocking move, Miami has taken a major stance against cryptocurrency by terminating the naming-rights agreement between the city and the defunct cryptocurrency exchange, FTX Arena. The move was made in light of the bankruptcy of the exchange, and the city is sending a clear message that it does not condone the use of cryptocurrency.
In addition to terminating the naming-rights agreement, Miami has also implemented a number of anti-cryptocurrency measures in order to discourage its use. This includes a ban on all cryptocurrency transactions within city limits and a ban on businesses accepting cryptocurrency as payment.
Furthermore, Miami is taking steps to promote gun safety in the city by banning the use of cryptocurrency as a means of purchasing firearms. This is seen as a major step forward in promoting gun safety, as cryptocurrency is often used to buy firearms without undergoing the necessary background checks.
The city of Miami is setting an example for other cities in the US and around the world by taking a stand against cryptocurrency and its potential to be used in criminal activities. Miami is sending a clear message that it is not a safe haven for cryptocurrency and that those who engage in its use will be subject to the law.
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