Miami, New York Crypto CityCoins Trading Suspended by OKcoin Exchange – Bloomberg

A crypto exchange has suspended trading of cryptocurrencies dedicated to New York City and Miami, citing limited liquidity for the tokens.

Both coins earlier received support from the cities’ respective mayors, New York City’s Eric Adams and Miami’s Francis Suarez, who touted the digital assets as benefiting the community. Like any other proof-of-work token, users could mine the coins, but MIA and NYC came with a twist: 30% of the money spent on mining would be donated to the city, according to Okcoin.

Source: Miami, New York Crypto CityCoins Trading Suspended by OKcoin Exchange – Bloomberg