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Jurisdictions around the world are struggling to gain a leading position in the nascent revolution of the blockchain and cryptocurrency, and individual states in the United States are no different.
Already, Ohio has actually paid taxes in Bitcoin in reality, and Arizona, Georgia and Illinois have been waiting for legislation to do similar things, even if these efforts are blocked in state legislatures.
A group in Florida takes the initiative in front of a state government that seems ambivalent towards cryptography.
The Florida Blockchain Business Association was formed by a group of Bitcoin and blockchain enthusiasts and is pursuing its Florida industry promotion program. The FBBA's goal is to make Florida a friendly regulatory environment for businesses and start-ups already here and to attract investment from outside the state.
The FBBA was formed to bridge the knowledge gap between the government and the crypto and blockchain communities. The goal is to enable companies to thrive and educate policymakers about the enormous potential of this nascent technology.
"We are the first organization in the state of Florida to support blockchain and encrypted companies on behalf of the government," said Samuel Armes, executive director of FBBA.
Armes, who has worked on blockchain and crypt for the US Special Operations Command and the State Department, has experience in finance and politics. The co-founder Paul Tarantino is an expert in small businesses and financial services, and co-founder Rosa Shores is the co-founder of Blockspaces, a blockchain incubator that is an important part of the redevelopment of downtown Tampa.
Creating such an organization is a smart move in an industry that will probably become highly competitive. Only this year the United States has seen more than 300 percent growth in the number of blockchain jobs. With this growth the need for collaboration and education arises.
The FBBA plan, according to Armes, is to educate the public and create a channel for businesses and individuals to reach their political leaders more efficiently and impactfully.
"We are examining the office of Chief Financial Officers to see what we can do without having to pass legislation. We would like to help push an initiative to help our members get or keep bank accounts," Armes said. "We are seeing how far we can progress in the sector without having to create or sponsor legislation, although doing just that is certainly our goal – we have to be very careful with any language we are trying to see written in law."
To learn more about the FBBA and its plans for blockchain in Florida, visit her website. For companies interested in joining the effort, you can sign up Here.
