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New York Mayor unveils cryptocurrency plan, which plans to allow the use of cryptocurrency to pay for city services

According to online reports, according to Cointelegraph, New York Mayor Eric Adams criticized former Gov. Andrew Cuomo's cryptocurrency policy at the Permissionless Conference in Brooklyn, calling it "wrong" and "misleading" and saying that Cuomo's tenure "dismantled and destroyed the industry." Adams plans to form a city council to advocate cryptocurrency policy and "establish channels" to use cryptocurrency to pay for city services, while introducing digital asset education in schools. He also said he was looking for ways to "circumvent" the city auditor's opposition to his proposed bitcoin-backed municipal bond plan. Adams has announced that he will accept the first three salaries he has made since taking office in Bitcoin, and he said he still holds the funds. He will run as an independent candidate in November's mayoral election.

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