New York to Become Global Crypto Capital with new Bitcoin-loving Mayor?

cryptocurrency 3 weeks ago

New York Mayor-elect Eric Adams revealed on Twitter on Friday he intends to take his first three paychecks in Bitcoin (BTC). Adams also doubled down on his plans to make New York the “center of the cryptocurrency industry” once he takes office in January. 🚀 Save money on every crypto trade you make with StormGain! Enjoy a onetime 0.1% trading fee with this link: In an interview with Bloomberg radio on Wednesday, Adams vowed to “look at what’s preventing the growth of Bitcoin and cryptocurrency in our city.” He also indicated plans to follow Suarez’s footsteps with the creation of MiamiCoin. In that scheme, individuals use Stacks, smart contracts, and application layers built on Bitcoin, to mine MiamiCoin, with 30% of the revenue going back to the city to fund public projects. The remaining 70% of revenue can be locked to earn rewards in Bitcoin and Stacks. New York introduced the controversial BitLicense regulatory regime in June 2015, which has been criticized for being hostile to crypto. The BitLicense applies to crypto organizations involved in transferring, buying, selling, exchanging or issuing crypto. New York residents are only legally allowed to buy and sell tokens from registered organizations. There are currently 105 approved digital currencies in the state. 📊 Join our global trading community on Telegram. Get access to a free trading course, trading signals, and receive help from professional cryptocurrency traders. ✈️ JOIN NOW!: TWITTER: FACEBOOK: INSTAGRAM: TIKTOK: Disclaimer: Although BeInCrypto aims to inform and educate readers from all over the world, it is important to remember that investing in cryptocurrency is risky. Neither this video nor its authors should be held responsible for any investment decisions, and nothing published here should be considered financial advice. We always urge our readers/viewers to do their own research and never invest more than they can afford to lose.
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