United States

New York Mayor-elect Adams suggests teaching crypto in schools

20:52, 08 November 2021
New York Mayor-elect Adams suggests teaching crypto in schools Photo: Xinhua/Keystone Press Agency/Global Look Press

Eric Adams intends to make NYC a crypto-friendly city after he takes office in January.

New York City Mayor-elect Eric Adams has proposed to teach students cryptocurrency and its functioning. For the Democratic Party politician cryptocurrency and precisely Bitcoin means not only a new means to pay for goods but also a new way of thinking and he believes that it is what schools in the city should do.

“When I talked about blockchain and Bitcoins, young people on street stopped and asked me, ‘What is that?’ That’s what we must do - open our schools to teach the technology and teach this new way of thinking”.

The proposition was presented on CNN’s “State of the Union” on Sunday.

At the same event, Adams was asked whether he would impose accepting crypto-paying systems on NYC’s enterprises.

“We are going to look at it, and we are going to tread carefully. We are going to get it right,” the city’s future Head replied.

The mayor-elect unveiled plans to make New York a “friendly competitor” of Miami regarded as the main US haven for crypto businesses. Adams considers making a NYC crypto coin similar to “MiamiCoin” and wants to have his first three paychecks in Bitcoin.

Last week the former police officer was victorious at the city’s elections becoming the 110th mayor of NYC and only the second Black mayor in NYC’s history. The 61-year-old politician easily defeated Republican candidate Curtis Sliwa getting over 66% of the votes against 29%.