Andrew Yang wants New York City to become a Bitcoin hub

2021-2-12 13:46

Andrew Yang wants to turn New York City (NYC) into a Bitcoin hub if he is elected as mayor of the city

Andrew Yang wants to turn New York City into a place cryptocurrency users would find appealing if he is elected mayor of the city. Yang has been a long-term cryptocurrency proponent and ran a presidential campaign on that platform. Now he’s running for office to become the mayor of New York and plans to turn it into a Bitcoin hub.

The Democratic Party front-runner for the mayoral race made this statement while replying to a tweet by Meltem Demirors. Demirors complained about how hard it was for crypto companies to operate in New York due to the high taxes in the city and the taxes on the New York State Department of Financial Services (NYDFS) Bitlicense.

Yang replied that as mayor of NYC, he intends to make the city a hub for Bitcoin and other cryptocurrencies. Yang’s reply attracted a flurry of mixed comments as some people believe it to be a campaign-selling tactic, while others think it is political suicide.

However, most of the comments asked Yang to use his powers, if elected, to eliminate Bitlicense to ensure the city becomes an open place for cryptocurrency companies to operate. Demirors, the chief security officer (CSO) of CoinShares, told Yang he would need to take care of the high state taxes and Bitlicense to turn the city into a cryptocurrency hub.

Yang is currently the Democratic Party front runner, with recent polls showing he is ahead of City Comptroller Scott Stringer and Brooklyn Borough President Eric Adams. He ran on the same platform of creating a cryptocurrency-enabling America during the last presidential elections but ultimately stepped down.

In 2019, Yang argued that the United States Congress lacked the basic knowledge needed to roll out effective cryptocurrency legislation. Hence, the US will be playing catch-up to countries with clear-cut regulations.

Bitcoin has been performing well in recent weeks. The leading cryptocurrency briefly touched the $49,000 mark a few hours ago, taking its total market cap to $900 billion. Its recent rally might see BTC surge past the $50,000 mark over the next few days or weeks as the retail and institutional demand for the cryptocurrency increases.

The post Andrew Yang wants New York City to become a Bitcoin hub appeared first on Coin Journal.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Time New Bank (TNB) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.01 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0020147 (-100%)

andrew bitcoin city york yang wants new

Èñòî÷íèê: coinjournal.net

andrew bitcoin → Ðåçóëüòàòîâ: 126


Michael Saylor Predicts Massive Investor Shift from Gold to Bitcoin After Buying Another $10M Worth of BTC

Michael Saylor, the ‘bitcoin slayer’ that needs no introduction, continues his attacks on everything non-bitcoin, this time unleashing his wrath on gold. It Feels Great, Says Saylor of Owning More Than 71K Bitcoins In an interview with Andrew Henderson of Nomad Capitalist, a legal finance advisory, Saylor, condemning gold as a “dying asset” and “dead […]

2021-2-3 19:30


BoE Gov: Public Interest Lies in Privacy, But Crypto’s Are Not A ‘Lasting Digital Currency’

Bank of England Governor Andrew Bailey has no love lost for Bitcoin and believes the days of cryptocurrencies are numbered. Speaking on a panel about digital currencies at the Davos-based World Economic Forum on Monday, Bailey said, “Have we landed on what I would call the design, governance, and arrangements for what I might call a […] The post BoE Gov: Public Interest Lies in Privacy, But Crypto’s Are Not A ‘Lasting Digital Currency’ first appeared on BitcoinExchangeGuide.

2021-1-26 18:25


JPMorgan CEO Jamie Dimon Still on The Sidelines, Watching BTC Millionaires Stack Up; ‘Not My cup of Tea’

Jamie Dimon, the CEO of banking giant J. P Morgan Chase, has again expressed his disinterest in Bitcoin during the recently concluded DealBook Online Summit. Andrew Ross of CNBC hosted the virtual event, and in-attendance were other prominent figures, including Lebron James, Elizabeth Warren, and the CFO of Google and Alphabet, Ruth Porat.

2020-11-19 20:58


Bank of England guv: Bitcoin, cryptocurrencies are difficult and unsuitable for public use

In a panel discussion with the Brooking Institution, Governor of the Bank of England, Andrew Bailey said that stablecoins, Bitcoin, and other cryptocurrencies are difficult and unsuitable for the publThe post Bank of England guv: Bitcoin, cryptocurrencies are difficult and unsuitable for public use appeared first on AMBCrypto.

2020-9-3 19:43


Tether Minting is Behind one of Bitcoin’s Biggest Rallies in 2019 – Andrew Rennhack

According to LongHash, Bitcoin’s price is largely driven by Tether’s price, so Tether is a very good predictor of the Bitcoin price. Although this conclusion does not resonate with the entire crypto community, some Crypto Twitter personalities seem to believe it and consider it as not just a price predictor but as the push behind […] The post Tether Minting is Behind one of Bitcoin’s Biggest Rallies in 2019 – Andrew Rennhack appeared first on ZyCrypto.

2019-8-8 22:24


Bitcoin [BTC] can achieve better scalability, security via Schnorr Signatures, claims Andrew Poelstra

The technology behind the blockchain industry and cryptocurrency have been deemed by many as a revolutionary development of the 21st century. The digital framework which maintains and improves the tech requires constant implementations to eradicate bugs and tackle issues like scalability and security attached to crypto-assets.

2019-5-27 21:30


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru



Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru