April 24, 2024

New York's new mayor will receive his salary in bitcoin

New York's new mayor will receive his salary in bitcoin

New York City Mayor Eric Adams wants to make the city "the hub of the cryptocurrency industry."

In hisAdams said on Twitter that he plans to receive his first three salaries in Bitcoin. 

In an interview with Bloomberg this week, he took onour commitment to eliminate the factors that “hinder the development of bitcoin and cryptocurrencies in our city”. He also supported the initiative of the Mayor of Miami to release his own cryptocurrency, and is going to launch a similar project in New York.

The MiamiCoin project has become quite successful. We will move in the same direction.

Since 2015, the system has been operating in New YorkBitLicense, which has been criticized by many for being overly hostile to cryptocurrencies. BitLicense applies to organizations that sell, buy, exchange, issue, or transfer cryptocurrencies.

New Yorkers can only buy and sell tokens from registered organizations. At the moment, 105 virtual coins have been approved in the city.

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Based on materialscointelegraph.com