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Danbury not considering investments in cryptocurrency

Danbury City Councilman Duane Perkins touted the work of City Finance Director David St Hilaire in saving the City millions of dollars over the years through prudent investments and refinancing of debts.  He asked about whether or not the City would consider bitcoin and other cryptocurrency.  St Hilaire acknowledged that other communities are looking into it as some countries are accepting it for payment and some recently elected officials elsewhere requested to be paid in bitcoin.  But St Hilaire says it's still in its infancy stage and wouldn't rush out to put the City's fund balance into the emerging tradable digital asset.  He says it's not for the City yet, noting that he wouldn't take a gamble like that.

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Jim Bohannon

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