New York City Mayor Eric Adams says he will create a digital advisory council to attract jobs and investment to the Big Apple and position it as the “crypto capital of the globe.”“This is not about chasing memes or trends,” Adams told the inaugural New York City Crypto Summit on May 20.“We want to use the technology of tomorrow to better serve New Yorkers today.”“We have experts right here, and they are going to help us navigate solutions that serve our city,” he added.“The age of tokenization, which includes crypto and blockchain and other fintech innovations, that age is here, and we’re going to continue to move forward with it.”Adams didn’t share further details on the advisory group, but said a council chair and key policy recommendations would follow in the next few weeks.
New York City will also be exploring whether certain services and taxes can be paid via crypto, according to Adams, along with using blockchain tech to manage sensitive information such as birth certificates and death records.“Bringing blockchain security capabilities to the city means that birth certificates and death records can remain private but accessible to New Yorkers and their next of kin,” Adams said.“We want to bring jobs of the future to our city today.
It has yet to advance past the House. Related: Wintermute opens New York office, citing improved US crypto rulesAdams made digital assets a large part of his policy platform after assuming office in January 2022, when he announced plans to accept his first three paychecks in Bitcoin (BTC).
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Author / Journalist: Cointelegraph by Stephen Katte
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