• Solana, a popular crypto network, is opening an office in downtown Manhattan, New York.
• The area has been previously hostile to the idea of cryptocurrency due to restrictive bills such as the BitLicense and a moratorium on new digital currency mining companies.
• The NYCEDC president expressed his support for Solana’s move to New York, saying that it will “create jobs and opportunities for entrepreneurs in the blockchain sector.”
Solana Opens Office in New York
Popular crypto network Solana is opening a new office in downtown Manhattan, New York. The office will occupy roughly 25,000 square feet in a multiple-story building. Despite previous hostility towards cryptocurrency within the state of New York, NYCEDC president Andrew Kimball expressed his support for Solana’s move to New York, saying that it will “create jobs and opportunities for entrepreneurs in the blockchain sector.”
Previous Hostility Toward Cryptocurrency
New York has proven to be quite anti-crypto over the past several years and continues to do so with restrictive bills such as the BitLicense and a moratorium on new digital currency mining companies. Leticia James – New York’s present Attorney General – has gone after every digital currency company she can with full force and steam by suing several institutions from Celsius to Ku Coin to Coin Ex.
Solana’s Tenants Will Be Allowed To Co-Work For Free
The spokesperson for Solana explains that they did not purchase the space but are renting it out with a ten-year lease occupying floors 6 through 9. 75 percent of this space is reserved for Solana ecosystem teams who are allowed free co-working upon approval. This allows entrepreneurs within this sector an opportunity to work together and create jobs throughout their industry without having to pay rent or other fees associated with setting up their own offices.
Cryptocurrency Not Popular In NY
Despite these efforts from Solana, many brick-and-mortar stores selling cryptocurrencies have recently shut down which suggests that there is still not enough popularity or attention given towards cryptocurrencies within this region yet. It remains unclear if this move from Solana sparks more interest or if their presence will be squashed by regulatory measures meant only to prevent fraud within cryptocurrency trading markets.
Conclusion
Despite initial hostility towards cryptocurrency within New York State, popular crypto network Solanahas opened up an office located in downtown Manhattan hoping that its presence sparks more interest throughout its surrounding area as well as provides job opportunities for entrepreneurs looking into expanding blockchain technology further. Only time will tell what fate lies ahead for this ambitious venture but hopefully they can find success despite all odds against them!