Mayor Eric Adams has created a Digital Asset Council to make New York the cryptocurrency capital of the world.
New York City has announced the creation of a Digital Asset Council, an initiative led by Mayor Eric Adams, which will bring together industry experts to design policies that attract investment and foster jobs in the city's burgeoning fintech ecosystem.
According to Adams, the local government will explore implementing blockchain technology to modernize the management of civil records, such as birth and death certificates, ensuring privacy and security in accessing these documents.
The creation of this Council is part of Adams' vision to position New York as the cryptocurrency capital of the world, a commitment he has expressed, even accepting salaries in Bitcoin as a symbol of support for the digital industry. With this strategy in place, the Big Apple seeks to consolidate its leadership in the field of digital finance and technological innovation, adapting to the demands of the global economic future.
BUY AND SELL SOLANA ON BIT2MENew York seeks to lead the cryptoasset market
The new New York City Digital Asset Council will be an advisory body comprised of leaders and experts from the digital asset industry, including representatives from startups, private equity firms, and family investment offices. Its primary mission is to guide the city in developing public policies that drive investment and job creation in the fintech sector, an area that is transforming the global economy.
In a clear commitment to technological innovation, Mayor Eric Adams emphasized that the new initiative to position New York City at the center of the digital economy does not seek to follow passing fads, but rather to leverage emerging technologies to improve the quality of life for New Yorkers.
During the opening of the city's first Cryptocurrency and Digital Asset Summit, held on May 20, Adams said:
"We're taking the next step toward becoming the Cryptocurrency Capital of the World by hosting this pioneering event in our city."
The mayor also emphasized that the era of tokenization and blockchain technology is here to stay, and emphasized the importance of New York leading both in the adoption and responsible regulation of these innovations.
Blockchain, a technology to modernize civil registries in New York
One of the most ambitious applications New York is considering for blockchain technology is its use in public administration, specifically for the management of civil records such as birth and death certificates. This proposal seeks to leverage blockchain's security and transparency capabilities to ensure that these documents remain private yet securely accessible to citizens and their immediate family members.
The use of blockchain in these processes would reduce bureaucracy, minimize fraud risks, and improve efficiency in document management. Furthermore, this technology can offer controlled and auditable access, meaning only authorized individuals can view or modify information, preserving data privacy and integrity.
LINK TO EARN AND MAXIMIZE YOUR OPPORTUNITIESIn short, this initiative aligns with Mayor Adams' vision of modernizing public administration through the adoption of disruptive technologies, positioning New York as a financial center and a benchmark for government innovation.
Eric Adams' leadership and commitment to Bitcoin and cryptocurrencies
Mayor Adams has been an outspoken advocate for cryptocurrency since taking office in January 2022. As a symbolic gesture of his support for this industry, Adams He received his first salary in Bitcoin, sending a clear message about his intention to integrate digital assets into the local economy.
Adams has championed the creation of a more diverse, equitable, and inclusive technology ecosystem that can attract jobs of the future and establish New York as a hub for fintech innovation. Under his leadership, the city hosted its first Cryptocurrency Summit, bringing together experts, investors, and startups to discuss the future of the industry.
The mayor has also encouraged the exploration of new forms of payment and public services using cryptocurrencies, including the possibility of certain municipal taxes and services being paid with digital assets, to attract investment and offer New Yorkers modern and accessible financial options.
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What to expect from the new Council for the New York crypto ecosystem?
The Digital Asset Council announced by Adams aims to position New York City as the world's cryptocurrency capital and the epicenter of financial innovation. To this end, it seeks to attract significant investment and foster job creation in the cryptoasset sector, an area that combines financial technology with new digital tools such as blockchain and cryptocurrencies.
This Council will also advise on policies that promote inclusive technological development, reflect the city's diversity, and create opportunities for all New Yorkers. This initiative is expected to boost New York's competitiveness in the global marketplace, attracting both startups and large fintech firms.
The implementation of blockchain technology in city management is another strategic pillar, as it will improve the efficiency and security of government services, strengthening citizens' trust in institutions. Together, these actions seek to build a robust ecosystem that combines innovation, responsible regulation, and sustainable economic development.
BUY BITCOIN ON BIT2MEIn conclusion, the creation of the Digital Asset Council marks a significant milestone in New York City's strategy to establish itself as a global hub for fintech and cryptocurrency innovation. Under Mayor Adams' leadership, the city is driving investment and employment in this sector and exploring practical applications of blockchain technology in public administration.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
