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WEST SPRINGFIELD — Mayor William Reichelt will chair an advert hoc Cryptocurrency Exploratory Committee that may study the advantages and dangers of the rising cryptocurrency market.
The committee will assist decide alternatives for municipal funding, development, and elevated types of fee choices for residents and staff.
“I stay up for working with the opposite members of the committee to additional analysis the alternatives which may be out there for West Springfield to reap the benefits of this up and coming different to conventional forex,” Reichelt mentioned Tuesday. “I consider that cryptocurrency presents a singular alternative to leverage out there monetary alternatives, which have been extraordinarily restricted traditionally for municipalities.”
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