New York City Mayor Eric Adams has announced the formation of a digital assets advisory council at the inaugural NYC Crypto Summit
New York City Mayor Eric Adams has announced the formation of a digital assets advisory council at the inaugural NYC Crypto Summit. The council aims to guide the city’s strategy on digital assets and blockchain innovation, with the goal of attracting fintech jobs and investment to New York City.
The advisory council will include industry experts, with the chair and key policy recommendations to be announced in the coming weeks. The city is exploring the use of blockchain technology for managing vital records, such as birth and death certificates, and for enabling the payment of city services and taxes using cryptocurrency.
Mayor Adams, who received his first three paychecks in Bitcoin and Ethereum, stated that the initiative is focused on leveraging technology to improve city services rather than following trends. New York City Chief Technology Officer Matthew Fraser also referenced the potential for blockchain to manage sensitive information. Industry participants at the summit included ApeCoin’s Chief Commercial Officer, Won Kim.
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Source: https://thedefiant.io/news/regulation/nyc-mayor-adams-unveils-digital-assets-advisory-council-crypto-summit-eyes-city-cbe9ce3a
