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CryptoXTimes > Article > News > Santa Monica Embraces Bitcoin With New Office
NewsBitcoin News

Santa Monica Embraces Bitcoin With New Office

Santa Monica launches Bitcoin Office to educate, create jobs, and innovate.

Aima Raza
Last updated: August 10, 2024 5:57 pm
Aima Raza 9 months ago
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Santa Monica Embraces Bitcoin With New Office

The city of Santa Monica, California, has added a “Bitcoin Office” section to its website in order to improve ties between businesses and create new jobs. The Santa Monica City Council unanimously approved a test program for the Bitcoin Office about a month ago, which led to this project.

City leaders have made it clear that the program does not cost the city anything. The city’s website added a new section on Thursday, August 8, as part of an overall effort to teach people and companies in the area about BTC and how it might affect the modern economy.

The city is working with the Proof of Workforce Foundation, a non-profit group that was founded in 2023 to connect new digital technologies with people in their own neighborhoods. The foundation’s goal is to give people the skills they need for a job market that is always changing, which will help Santa Monica’s economy grow.

Empowering Santa Monica’s Bitcoin Future

The Bitcoin Office’s main goal is not only to teach people about BTC , but also to help the local economy heal and create jobs. The website says that the office will also help people work together in strategic ways to make “Silicon Beach” a top center for BTC innovation.

On the platform X after the start, the city advertised a BTC festival called “Bitcoin Peer-to-Peer,” which will happen on October 18. Vice Mayor Lana Negrete made it clear that the BTC Office program is only for teaching. This is in line with the council’s ongoing work to help the city’s economy recover.

🎡 We are excited to learn about #Bitcoin Peer-to-Peer …⚡️⚡️⚡️

Please Join Us!

Follow @SMBitcoinOffice for official updates and more information soon…Dates subject to change pic.twitter.com/hcgCgQUOaf

— Santa Monica Bitcoin Office (@SMBitcoinOffice) August 9, 2024

Negrete also said that the program will help people learn about cryptocurrencies, but it is not a support of investing in Bitcoin. Instead, the goal of the project is to help people in the area learn more about cryptocurrency so that they can make smart choices about how to use and invest it. 

The program should bring positive attention to Santa Monica and increase tourists. This is especially true since the city hosts the Pacific Bitcoin Festival every year, which brings in thousands of BTC fans.

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TAGGED: Bitcoin, BTC, Cryptocurrencies
By Aima Raza
As a practicing lawyer who focuses on issues related to crypto and blockchain, Aima gives our content a unique legal viewpoint. Because she is so good at navigating the constantly changing regulatory environment, our readers always know about the latest regulations and happenings in the crypto world.
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