The city of Miami is the first jurisdiction to put a cryptocurrency in place via CityCoin, which is a city-based token, according to a press release . It’s called MiamiCoin. The city has voted to approve around $5 million worth of the cryptocurrency. The coin represents a new way to fund government projects, and “elected leaders can use to improve quality of life for city residents,” the release stated. In other news, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC), both regulators in the country, have put out a joint guidance letter for crypto…