NYC Mayor Launches Crypto Council, Aims to Become Global Fintech Hub

New York City has established a crypto advisory council to foster fintech opportunities and attract investment. The initiative, spearheaded by Mayor Eric Adams, aims to position New York as a global leader in the cryptocurrency space. This effort focuses on leveraging blockchain technology for public services, such as record-keeping, tax processing, and government payments. The city hopes to integrate crypto into these systems to increase accessibility and efficiency for its residents.