New York City Mayor Eric Adams has announced the formation of the Digital Assets Advisory Council, an initiative aimed at positioning the city as a leading hub for fintech and cryptocurrency innovation.
Key Objectives:
Attract fintech and crypto companies to boost economic growth and job creation.
Explore the integration of blockchain technology into municipal operations, including digitizing government records such as birth and death certificates.
The council will comprise prominent leaders from the digital assets sector, with the chairperson expected to be named in the coming weeks.
Mayor Adams stated, “We already have experts who will help make the lives of city residents more convenient with the help of new technologies.”
This move underscores New York City's commitment to embracing emerging technologies and building a robust digital economy.