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NYC Gets Own Cryptocurrency After Mayor-Elect Adams Touts Bitcoin

  • CityCoins picks New York after Miami project garners millions
  • NYCCoin ‘token’ mining expected to kick off Wednesday
Eric Adams during an election night party on Nov. 2.

Eric Adams during an election night party on Nov. 2.

Photographer: Angela Weiss/AFP/Getty Images
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New York City Mayor-elect Eric Adams’ pro-crypto stance appears to be showing early signs of working, with a community-led crypto project planning to create a dedicated city-based token. 

CityCoins, which works on the Stacks protocol, decided to develop the token after Adams engaged in a friendly online banter with Miami Mayor Francis Suarez over Bitcoin, including taking paychecks in the largest cryptocurrency by market value. Adams has vowed to build a crypto-friendly city when he takes office in January.