US EditionNYC Mayor Eric Adams Calls For the End of NYDFS' BitLicense, Proposes 'BitBond'
- At the Bitcoin 2025 event in Las Vegas on Wednesday, the mayor of New York called for the elimination of the BitLicense and introduced the idea of a Bitcoin-based municipal bond, referred to as BitBond.
- Adams’ push to repeal the controversial 2015 BitLicense, which regulates crypto firms under strict compliance and fees starting at $5,000, follows his recent hosting of the city’s first Crypto Summit.
- He urged crypto businesses to return to New York and announced a digital assets advisory council to attract jobs and investments while emphasizing the city’s role as a pro-Bitcoin hub.
- Adams highlighted that this would be a groundbreaking initiative for the city—a financial product specifically tailored for Bitcoin owners. He described the BitBond as offering a 1% annual interest over ten years, with funds supporting government projects and bitcoin acquisitions.
- The mayor’s initiatives aim to make New York a global crypto leader by balancing innovation with regulation and encouraging community engagement to protect the industry’s growth.
12 Articles
12 Articles
NYC Mayor Eric Adams Unveils Bitcoin-Backed ‘BitBond’ Plan At BTC 2025 Conference
NYC plans to issue BitBond a Bitcoin-backed municipal bond, announced at Bitcoin 2025. Mayor Adams seeks to repeal the BitLicense, aiming to revive New York’s crypto sector. New York will use Bitcoin blockchain for birth certificates and allow taxes to be paid in Bitcoin. New York City Mayor Eric Adams has confirmed plans to introduce a municipal Bitcoin-backed bond, which he referred to as “BitBond.” During his speech at the Bitcoin 2025 confer…
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CoindooNYC Mayor Eric Adams Wants a “Bitcoin Bond” to Revolutionize City Finance
Speaking at The Bitcoin Conference 2025, Adams declared: “This is the first time in the history of this city to […] The post NYC Mayor Eric Adams Wants a “Bitcoin Bond” to Revolutionize City Finance appeared first on Coindoo.
BitBonds: New York City To Launch World's First Bitcoin-Backed Municipal Bonds
As the Bitcoin 2025 conference unfolds in Las Vegas, New York City Mayor Eric Adams has announced that the city will issue Bitcoin-backed financial instruments. Specifically, Adams says he will do everything in his power to launch BitBonds in New York, cementing the city’s place in the global financial renaissance. New York Targets BitBonds To Attract Investors NYC Mayor Eric Adams says the city will be the first to launch Bitcoin-backed municip…
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