New York City Mayor Eric Adams Announces the Creation of a Digital Asset Advisory Committee

PANews reported on May 21st that according to Cryptonews, New York City Mayor Eric Adams announced the establishment of a digital asset advisory committee to attract financial technology jobs and investments to Manhattan. The committee will develop policy recommendations to attract crypto business investments, with specific member details to be announced in the coming weeks. The New York City government plans to use blockchain technology to manage civil records such as birth certificates and death records, aiming to improve data retrieval efficiency while ensuring data privacy. Chief Technology Officer Matthew Fraser revealed that they are studying the feasibility of allowing residents to pay for municipal services using cryptocurrency, with a focus on financial inclusivity for unbanked populations.