with an address at a Los Angeles strip mall. He
has appeared alongside Suarez in interviews
about Miami Coin where he is identiied as
the community lead for City Coins. He did not
reply to questions about the structure and
organization of City Coins. In public statements,
Stanley has said he formerly worked with Stacks,
the cryptocurrency ecosystem that City Coins is
built on.
Liat Shetret, director of regulatory afairs and
compliance policy at the risk analysis irm Solidus
Labs, said cities may want to consider blockchain
technology to increase inancial transparency.
But she’s worried that politicians are hawking
cryptocurrencies as an attention-getting gimmick
without preparing their cities for dealing with
new problems such as money laundering.
The nature of the blockchain means that while it’s
possible to see which accounts own Miami Coin
or are mining it, the real identities of those people
are not publicly visible. Currency exchanges
ask for basics such as names, addresses and
Social Security numbers; it’s unclear how much
identifying information the coin creators collect.
Participants do not need to be residents of Miami.
Neither Suarez’s oice, Stanley nor the Stacks
Foundation replied to questions as to whether
any of them had access to the personal
information of Miami Coin participants or if
they had concerns about the anonymity of the
people involved.
“Keeping bad actors of of these platforms is
crucial,” Shetret said.
While New York’s mayor, Eric Adams, has
also been a booster of cryptocurrencies, his