NYC Mayor Eric Adams announced the creation of a Digital Asset Advisory Council during the NYC Crypto Summit to enhance fintech and blockchain in public services.
The council aims to position New York as a global leader in utilizing Bitcoin and blockchain technology to drive innovation, attract investments, and optimize public services.
The initiative will leverage blockchain to streamline access to public records, encourage fintech companies to establish a presence in the city, and work towards economic growth through digital innovation.
The council will focus on practical applications of blockchain technology to bolster New York's competitiveness in the expanding crypto industry as the city aims to become a leading financial innovation hub.