NY mayoral hopeful aspires to create bitcoin hub

Democratic Party New York mayoral candidate Andrew Yang has said he is willing to help transform New York City into a hub for cryptocurrencies and bitcoin.

Yang’s proposals come as Miami is also gunning for a crypto future with mayor Francis Suarez becoming a strong advocate of digitalizing the administration and the way workers in the city receive payments.

Yang wants to see New York City become the world's financial capital. Yet, the mayor will have to meet electoral demands. One of those is to end the BitLicense proposed by the New York Department of Financial services.

According to many observers, New York is already charging Bitcoin businesses too much and the BitLicense is just another hindrance on the way to progress. To successfully embrace innovation, Yang will probably need to scrap the controversial BitLicense tax.

If anyone's capable of making tough calls, it certainly seems to be Yang who has been openly supporting bitcoin in the media and positioning himself as an early-adopter and cryptocurrency enthusiast.

His calls for crypto adoption may have been on the fringe in the past, but following endorsement for the currency by Tesla, Yang seems to be a prescient figure in political and economic life.

He certainly has the background to spearhead economic change around bitcoin and cryptocurrency, and he was even rumored to have been included as a potential nominee under Biden's Secretary of Commerce.

Under Yang, bitcoin may become more largely accepted. Acceptance is already quite widespread with casino sites such as 1xBit, Bitcasino and FortuneJack more than happy to accept deposits in Bitcoin.

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Written by Barney


Barney is co-founder of CryptoGamblingNews.com. When not at work he can usually be found behind a Nikon. He's won numerous international competitions for his photography and volunteers as a content creator for aid organisations in Africa.

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