Story Highlights* NYC Mayor Eric Adams calls for the full repeal of the costly and restrictive BitLicense to revive the city’s crypto industry.* Since 2015, only 34 firms have obtained the BitLicense, with many leaving New York due to high fees and strict regulations.* Adams also proposes a New York City Bitcoin Bond to offer residents tax-exempt exposure to Bitcoin gains.
Mayor Eric Adams Demands BitLicense Scrap as NYC Attracts Crypto Firms: “Come Back Home”
Story Highlights* NYC Mayor Eric Adams calls for the full repeal of the costly and restrictive BitLicense to revive the city’s crypto industry.