Crypto Advisory Council comes to New York City

New York – The City of New York is launching an advisory advice for digital asset to bring fintech job into Big Apple, Mayor Eric Adams announced on Tuesday.

New York City is “open to business, he said at the start of a summit host at the mayor’s official residence, Gracie Mansion. The council will be composed of individuals from the industry with a chairman to be announced in the coming weeks.

“We will use tomorrow’s technology to better serve New Yorkers today,” Adams said in his opening markings. “We have experts right here and they will help us navigate solutions that serve our city. We are lucky to have this type of human capital right here in the city of New York.”

The summit, which included a public press conference, followed by closed doors round tables, had participants from both family offices and unicorn starters, said Richard Hecker of traction and scale, a logistics company involved in the event.

Business interests aside, the city will explore to put birth and death registers on a blockchain to help New Yorkers’ relatives easily access these types of documents, Adams said.

Andrew Durgee, Co-Ceo for Republic, who supports other startups financially, noted that his company remained in New York despite concerns about supervisory authorities and other issues even when other companies left the country.

“Now the first time in 15 years we are in this scenario, we have no idea what it will look like,” said Durgee. “You now have all these people, these smart, glorious people are now coming back to the United States and they are looking for a place to land.”

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