Today, Eric Adams, the Mayor of New York City, announced he would be taking his first paycheck in Bitcoin (BTC) and Ethereum (ETH) with the funds arriving Friday. The salary will not be directly paid out as crypto. Instead, it is first issued in fiat U.S. dollar and then converted into digital currencies on Coinbase.Due to the U.S. Department of Labor and various state-level … [Read more...] about NYC Mayor Adams to receive first paycheck in cryptocurrency Friday
Adams
CityCoin’s Plan for NYCCoin Is Welcomed by Mayor-Elect Adams
The next mayor of New York City, Eric Adams, expressed his support for CityCoin’s NYCcoin program, tweeting a welcome to the city.Adams won the Nov. 2 election and is expected to take office on Jan. 1.“We’re glad to welcome you to the global home of Web 3! We’re counting on tech and innovation to help drive our city forward,” he wrote while retweeting CityCoin’s Nov. 8 … [Read more...] about CityCoin’s Plan for NYCCoin Is Welcomed by Mayor-Elect Adams
NYC Mayor-Elect Eric Adams to Take First 3 Paychecks in Bitcoin
Adams, a retired New York Police Department captain, was pro-crypto throughout his campaign that culminated with victory at the polls earlier this week. The support is notable because New York City, despite being a major financial center, has some of the nation’s toughest cryptocurrency rules that require licenses for most types of crypto transactions. Source link … [Read more...] about NYC Mayor-Elect Eric Adams to Take First 3 Paychecks in Bitcoin