DigitalAssets

New York City Mayor Eric Adams continues to position the Big Apple at the forefront of the tech revolution. This time, he announced the creation of a new crypto advisory board, designed to attract jobs, innovation, and top global talent to the heart of the city.
During the first-ever crypto summit held at Gracie Mansion, the mayor’s official residence, Adams unveiled plans to establish a Digital Asset Advisory Board. This council will be composed of leading experts from the crypto and fintech sectors and will present concrete policy recommendations to support the industry’s growth in New York. The board’s chair is expected to be announced in the coming weeks.

🔗 "New York is Open for Crypto," Says Adams
The mayor made his ambitions clear: he wants New York to become the “crypto capital of the world.” And he’s not stopping at slogans.
At the summit, Adams emphasized that digital assets can have practical, everyday value for New Yorkers. For example, he proposed storing birth and death certificates on the blockchain, making them more accessible to families and reducing bureaucratic friction.

💬 “Using Tomorrow’s Tech to Better Serve Today’s Citizens”
Adams, who proudly calls himself a “tech mayor,” spoke about his background in programming and developing government data systems. “We want to use tomorrow’s technology to better serve today’s New Yorkers,” he said. According to him, the goal is to create a diverse, fair, and inclusive tech ecosystem accessible to all communities.
He also noted that the world is entering the era of tokenization, and New York is preparing to take an active role in this transformation.

🏙️ A Call for Crypto Companies: Choose New York
Adams issued an open invitation to crypto companies returning to the U.S. or expanding their presence, encouraging them to set up shop in New York. “We’re ready to build crypto empires,” he declared at a press conference.
His strategy includes collaborating with companies of all sizes, creating a welcoming regulatory environment, and attracting world-class talent. He also stressed that New York can provide opportunities for underbanked communities, giving everyone a fair shot in the digital economy.

⚖️ Regulation – Yes, But Without Barriers
In the past, Adams criticized the state’s BitLicense framework, calling it an obstacle to innovation. Shortly after taking office in 2022, he advocated for its removal. Today, however, his tone is more balanced — he acknowledges the importance of having clear and safe rules that protect investors and prevent abuse.

💬 Will Adams truly turn New York into the global capital of crypto? Or will the city remain a symbol of untapped potential?

#DigitalAssets , #crypto , #CryptoAdoption , #Regulation , #CryptoNewss

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Hold on tight – the South Korean crypto market had a wild ride in the second half of 2024! 🚀 Fresh data shows that crypto trading volumes exploded, and the country is cementing its place as a major player in the global crypto scene. And the numbers? They might just blow your mind.

🔹 Nearly a Trillion Dollars in Crypto? Yes, You Read That Right.
According to a new report by South Korea’s Financial Services Commission (FSC), crypto trading volume reached a jaw-dropping $968.5 billion (or 1,345 quadrillion Korean won) between July and December 2024.
That’s a 24% increase compared to the first half of the year. And that’s not all – the country’s total crypto market capitalization surged by 91%, reaching over $77.6 billion. These are numbers you don’t see every day.

🔹 Why Is Everything Skyrocketing?
This explosive growth isn’t random. It points to growing interest from both retail and institutional investors, improved liquidity, and most importantly – crypto is becoming a part of everyday life for more and more South Koreans.
It’s no longer just a playground for a few enthusiasts – digital assets are going mainstream.

🔹 Where Did FSC Get All This Data?
The report is based on information from 25 regulated entities operating in South Korea’s virtual asset sector, including:
🔹 crypto exchanges

🔹 digital asset custodians

🔹 wallet providers
These sources gave FSC a clear and detailed overview of market activity – crucial not only for regulators but also for investors and market participants.

🔹 What’s Next?
This strong performance in the second half of 2024 sets an optimistic tone for the future. While regulatory oversight will remain a constant, the market’s momentum, rising trust, and growing capitalization suggest a maturing sector that’s only gaining strength.
Authorities like the FSC will continue to monitor the market to ensure stability and investor protection – but the direction is clear: South Korea is becoming a market to watch.

📊 Bottom Line? South Korea Is Carving Out Its Own Crypto Path
The second half of 2024 turned out to be a milestone for South Korea’s crypto sector. With trading volume nearing the $1 trillion mark and market capitalization almost doubling, the country is clearly positioning itself at the forefront of the digital asset economy.
And the rest of us? We should definitely keep an eye on what’s happening 👀

#SouthKoreaCrypto , #CryptoNewss , #CryptoTrading. , #CryptoMarket , #DigitalAssets

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

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