Overview

New York City’s Mayor Eric Adams announced the establishment of a digital assets advisory council aimed at fostering fintech job growth within the city. Speaking at a summit held at Gracie Mansion, the mayor emphasized:

“We want to use technology of tomorrow to better serve New Yorkers today.”

The council is set to consist of industry professionals, with a chairperson to be named shortly. Adams highlighted the city’s openness to business and dedication to leveraging Blockchain technology to modernize essential services, such as facilitating access to birth and death records through this technology.

Durgee, co-CEO of Republic, affirmed the confidence in New York despite regulatory uncertainties facing the sector, underscoring the influx of talented individuals seeking opportunities in the U.S. again.

Key Points

• The council’s focus includes integrating fintech solutions into the city.
• Various public and private sector players participated in the summit, showcasing a collaborative spirit.
• There are ongoing discussions about implementing blockchain technology for simpler access to vital records.