New York City to Issue First Bitcoin-Backed BitBond, Mayor Eric Adams Plans to Eliminate BitLicense

New York City Mayor Eric Adams announced plans to make the city the first in the world to issue a Bitcoin-backed bond, referred to as a BitBond. Speaking at a Bitcoin conference, Adams emphasized his commitment to introducing this new financial instrument and indicated intentions to eliminate the New York BitLicense. The move marks a pioneering step in integrating cryptocurrency into municipal finance.

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