The new budget proposal also involves a blockchain pilot for vehicle registrations.
Florida Governor Ron DeSantis has officially proposed the state government to allow businesses to pay state fees with cryptocurrencies like Bitcoin (BTC).
The Republican governor announced the idea as part of his 2022â€“2023 budget proposal,Â released on Dec. 9.
According to the official budget highlights, DeSantis proposed to provide $200,000 to the Department of Financial Services to offer Florida corporations the ability to â€œpay state fees via cryptocurrency directly to the Department of State.â€
â€œFlorida encourages cryptocurrency as a means of commerce and furthering Floridaâ€™s attractiveness to businesses and economic growth,â€ the document reads.
DeSantis additionally proposed allocating another $500,000 to explore the potential of blockchain technology to maintain motor vehicle records as well as authenticate Medicaid transactions and detect potential fraud.
The overall $700,000 proposal is dedicated to enable a crypto-friendly Florida, the budget proposal reads.
Florida has been steadily emerging as a major cryptocurrency-friendly jurisdiction in the United States as one of its major cities, Miami, is being actively promoted as the â€œworld’s Bitcoin and crypto capital.â€
Related: â€‹â€‹Navigating CityCoins: Miami citizens to earn Bitcoin despite the city not holding crypto
Last month, Miami Mayor Francis Suarez announced that he aimed to be the first U.S. lawmaker to accept part of his paycheck in Bitcoin. The official reportedly owns both BTC and Ether (ETH).
In September, Miamiâ€™s city commissioners voted to accept funds generated by the new MiamiCoin cryptocurrency, which was launched by the smart contracts protocol CityCoins in August. Having generated more than $21 million in yields as of mid-November, MiamiCoin will be available to all Miami residents in the form of a Bitcoin dividend, according to the city mayor.