THELOGICALINDIAN - The mayorpresident of the Louisiana burghal of Lafayette Joel Robideaux has proposed an aggressive plan that would see the burghal advance a governmentissued cryptocurrency Mr Robideaux appropriate the ablution the cryptocurrency through an antecedent bread alms ICO
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Lafayette Mayor Advocates Government-Issued Cryptocurrency
The government of a burghal in Louisiana has advocated the development of a state-issued cryptocurrency. The Lafayette mayor-president appear the adventurous angle during his anniversary abode at the Heymann Center.
Mr. Robideaux articulate a cardinal of allowances that cryptocurrency could acquire for the city, including accession Lafayette as a abstruse hub, diversifying the bounded economy, and streamlining the commitment and costs of government services. Mr. Robideaux declared that a state-issued cryptocurrency would facilitate the “develop[ing] solutions targeting government inefficiencies, and, added importantly, alternatives for costs accessible infrastructure.”
“It’s not aloof a agglomeration of all-around libertarians that appetite unregulated, untraceable and defended agenda bill transactions,” Robideaux emphasized, “It’s the acceptance of all-around stakeholders that the apple of banking, accounts and acquittal systems is always changed, that the apple of healthcare, government and possibly every added industry is about to be disrupted.”
Poor Economic Performance for Lafayette
With Lafayette in atrocious charge of bread-and-butter stimulus, abounding are anecdotic Robideaux’s angle as a atrocious bid to aerate the city’s coffers. Among proposed measures, Mr. Robideaux apprenticed to reinvest profits generated through an ICO for the bill to “build a active lab of blockchain advisers and developers.”
Lafayette’s is not the alone borough government in the United States to afresh adduce the development of bounded state-backed cryptocurrency, with the burghal of Berkeley announcement its ambition to barrage a cryptocurrency through ICO in a bid to armamentarium affordable apartment projects in February.
To accession funds, Berkeley’s board affairs to advertise “crypto enabled micro-bonds,” alms investors bashful allotment that are tax exempt. Berkeley City Board Member, Ben Bartlett, stated: “This is not your archetypal ICO, but rather an antecedent association offering. We adjudge to analyze new forms of accounts in acknowledgment to the cuts from DC and accumulated tax cuts that took abroad our adeptness to armamentarium affordable housing.”
Do you anticipate that added borough governments will seek to affair state-backed cryptocurrencies? Share your thoughts in the comments area below!
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