NYC Mayor Eric Adams to receive first paycheck in cryptocurrency via Coinbase


(Reuters) – New York City Mayor Eric Adams on Thursday mentioned his first paycheck, to arrive Friday, will probably be routinely transformed into cryptocurrency via Coinbase Global Inc.

The wage will probably be transformed to Ethereum and Bitcoin, the assertion added.

The mayor final yr mentioned he would take his first three paychecks in bitcoin and signaled his intention to make his metropolis the “heart of the cryptocurrency business”.

(Reporting by Mrinmay Dey in Bengaluru; Editing by Chizu Nomiyama)

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