Mayor Eric Adams, while talking at the ongoing Bitcoin conference, has revealed New York City will be the first city in the world to issue a Bitcoin-backed bond
Mayor Eric Adams has revealed that New York City will become the first city in the world to issue a Bitcoin-backed bond, known as a BitBond.
The mayor, who is known for his pro-crypto stance, made the announcement while speaking at the Bitcoin 2025 conference on Thursday.
During his speech, Mayor Adams highlighted his commitment to introducing this new financial instrument and also expressed his intentions to eliminate the New York BitLicense.
“This year, we will introduce a new financial instrument that will provide Bitcoin holders with the opportunity to invest in bonds issued by New York City,” Mayor Adams stated.
His remarks come after he and Chief Technology Officer Matthew Fraser hosted New York City’s first crypto summit earlier this month.
The summit brought together prominent founders, CEOs, and investors from the cryptocurrency, blockchain, and fintech industries to discuss how the growing cryptocurrency industry can boost the economy, attract top talent, and inspire innovation in New York City.
In his opening remarks at the summit, Mayor Eric Adams announced the development of a digital assets advisory council designed to help bring jobs and investment to New York City.
“My goal remains the same as it was day-one as mayor: making New York City the crypto capital of the globe,” said Mayor Adams. “We will be creating a digital asset advisory council to help bring big fintech jobs and investment right here to the Big Apple.”
Mayor Adams did not share further details about the council, but he indicated that the chair of the council and key policy recommendations would be announced in a couple of weeks.
“This is not about chasing memes or trends,” Mayor Adams stated. “We want to use the technology of tomorrow to better serve New Yorkers today.”
News data source: kdj.com
The above is the detailed content of NYC Will Be the First City to Issue a Bitcoin-Backed Bond. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undress AI Tool
Undress images for free

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Contents 1. What is ICN? 2. ICNT latest updates 3. Comparison and economic model between ICN and other DePIN projects and economic models 4. Conclusion of the next stage of the DePIN track At the end of May, ICN (ImpossibleCloudNetwork) @ICN_Protocol announced that it had received strategic investment in NGPCapital with a valuation of US$470 million. Many people's first reaction was: "Has Xiaomi invested in Web3?" Although this was not Lei Jun's direct move, the one who had bet on Xiaomi, Helium, and WorkFusion

Dogecoin has gone through multiple price stages and key nodes from 2015 to 2025. 1) The average price in 2021 is US$0.20, with a maximum of US$0.73, a historical high; 2) The average price in 2022 is US$0.08, continuing the bear market; 3) The average price in 2020 is US$0.0026, and the year-end rises and starts a bull market; 4) The average price in 2023 is US$0.063, and the whole year is fluctuating and adjusting; 5) The average price in 2017 is US$0.002, and the year-end rises to US$0.017; 6) The average price in 2018 is US$0.003, which falls throughout the year; 7) The average price in 2019 is US$0.0025, which is consolidated at a low level; 8) The average price in 2015 is US$0.00015, and the transaction is deserted; 9) The average price in 2024 is US$0.084, which is low

Currency circle contract trading is a derivative trading method that uses a small amount of funds to control assets with larger value. It allows traders to speculate on the price trends of crypto assets without actually owning them. Entering the contract market requires understanding its basic operations and related concepts.

Bitcoin contract trading attracts numerous participants, which provides opportunities to leverage for potentially high returns. However, the inherent risk of contract trading lies in forced closing of positions, commonly known as "losing of positions". A liquidation means that the trader's position is forced to close due to the loss of margin, which often loses most or even all of the initial margin. Understanding how to set up a liquidation warning and mastering skills to avoid forced liquidation is crucial to managing contract trading risks.

The latest official version of the virtual currency trading platform v6.129.0 is a professional and secure digital asset trading application created for Android users. It provides rich market conditions, convenient trading functions and multiple security protection, and is committed to providing users with a first-class trading experience.

The Virtual Currency Exchange APP is a professional digital asset trading application, providing users with safe and convenient digital currency trading services. The new v6.129.0 version has upgraded the performance and operation experience, aiming to bring a smoother trading experience.

There is no legal virtual currency platform in mainland China. 1. According to the notice issued by the People's Bank of China and other departments, all business activities related to virtual currency in the country are illegal; 2. Users should pay attention to the compliance and reliability of the platform, such as holding a mainstream national regulatory license, having a strong security technology and risk control system, an open and transparent operation history, a clear asset reserve certificate and a good market reputation; 3. The relationship between the user and the platform is between the service provider and the user, and based on the user agreement, it clarifies the rights and obligations of both parties, fee standards, risk warnings, account management and dispute resolution methods; 4. The platform mainly plays the role of a transaction matcher, asset custodian and information service provider, and does not assume investment responsibilities; 5. Be sure to read the user agreement carefully before using the platform to enhance yourself

Recently, the total market value of the cryptocurrency market has exceeded US$3 trillion, arousing widespread attention and optimism. Such a scale shows that digital assets are gradually being recognized by more investors and institutions, and the market popularity continues to rise.