Cryptocurrency News

New York Mayor urges state to abandon ‘stifling’ BitLicense scheme

2022.04.28 09:56

New York Mayor urges state to abandon ‘stifling' BitLicense scheme
New York Mayor urges state to abandon ‘stifling’ BitLicense scheme

New York City Mayor Eric Adams has hit out at his states’ BitLicensing regime, claiming that it stifles innovation and economic growth.

In a closing keynote interview at the Crypto and Digital Assets Summit in London on April 27, Adams suggested his state legislature counterparts in Albany “listen to those who are in the industry” adding:

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