New York City is set to launch a digital assets advisory council, as announced by Mayor Eric Adams during a recent summit. The council aims to attract fintech jobs and leverage expertise within the city to develop solutions that benefit its residents. Mayor Adams emphasized the importance of using advanced technology to serve New Yorkers effectively, noting the abundance of talent available in the city. The council will include industry experts, with a chair to be announced soon. Additionally, the city is considering implementing blockchain technology to manage birth and death records, facilitating easier access for families. Despite regulatory uncertainties causing other firms to leave, some startups, like Republic, are focusing on establishing themselves in New York. The summit, featuring discussions with representatives from both family offices and successful startups, demonstrates NYC's commitment to embracing the digital economy and establishing itself as a hub for crypto innovation.

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