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The Independent UK
The Independent UK
National
Via AP news wire

NYC's mayor invests first paycheck in cryptocurrency

Eric Adams New York
Copyright 2022 The Associated Press. All rights reserved.

New York City's new mayor, Eric Adams plans to convert his first paycheck this week into two cryptocurrencies, which he has been hyping as a potential economic engine for the city.

The Democrat's office announced Thursday that Adams' first salary payment will be deposited with Coinbase an online platform used for buying cryptocurrency, and then converted into Ethereum and Bitcoin.

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