NYC Needs a Crypto Credit Union

No project is going to incorporate or set-up anywhere if the benefits don’t outweigh the costs, and when they do incorporate they are going to do so in the location that offers the most benefits to their project. This means that if NYC wants to attract crypto projects, the city must offer them something that they can’t get elsewhere.

Cryptocurrency projects exist outside the borders of cities, states, and even countries, can easily be operated anonymously and are based on mathematics. By their very nature, such projects do not require a physical presence and thus do not have…