Nyc cryptocurrency
Take , for instance. Old finance, meet new finance Ava Labs, a blockchain development company, wanted to pick New York from the get go in its recent search for a new headquarters. But it had plenty of suitors in its search, including Miami Mayor Francis Suarez who has been pushing to transform south Florida into a crypto hub by recruiting companies like Blockchain. Ultimately, Ava Labs signed a lease in the Williamsburg neighborhood of Brooklyn—though Wu adds the company has an office in Miami, too.
By staying in New York, Ava Labs can remain close to traditional finance, a space ripe with recruiting and fundraising opportunities for crypto companies, Wu says. A former cop turned state lawmaker turned Brooklyn borough president, Adams, whose office did not respond to a request for comment, has become an unlikely champion for crypto since taking over city hall. He has even floated the idea of putting crypto on New York City school curriculums , and took his first three paychecks in Bitcoin and Ether.
Over the course of the COVID pandemic, as crypto markets have undergone a dizzying explosion of interest, legacy institutions ranging from big banks like Goldman Sachs to asset managers like VanEck—many of which had previously expressed hesitations about digital assets—have been wading further and further into the space.
Even the New York Stock Exchange is working on reported plans to build a non-fungible token market. To centralize or not to centralize While the race to become the crypto capital of the U. The industry, like every other corner of the business world, has been largely distributed around the world for much of the last two years thanks to the COVID pandemic. Among the cities it would consider? Could Mayor Adams's crypto push spur changes?
Adams has converted his first three paychecks, issued in U. Adams pledged to take his first three paychecks in bitcoin on Nov. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait! On Feb. Still, members of the crypto startup community hope Adams could be a force of change to existing crypto regulation.
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