Gold Coast Mayor Tom Tate has suggested that rates could be paid with cryptocurrency in future years, despite the market crashing by $2 trillion — more than half of its total value — over the past six months.It is highest in a decade but below CPI of 5.1 per cent
The mayor says using cryptocurrency would send an innovative "signal" to younger ratepayers, but an academic says more research is needed As the council prepares to hand down its annual budget on June 14, Gold Coast residents can expect to see aBut Mr Tate has also announced that council will seek to hire a chief investment officer from the private sector to encourage "innovation" and investigate "joint ventures" on council-owned land."The volatility is not that bad.
"It sends a signal that we're innovative and bring in the younger generation ... [but] I'm not saying we're doing it, I'm just saying we're always looking at the next level." While a national blockchain industry group has welcomed the prospect, a cryptocurrency researcher has urged more caution.
A few moments later.. Council files for bankruptcy
He’s completely lost the plot.
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Source: FinancialReview - 🏆 2. / 90 Read more »