Vancouver Passes Bill to Incorporate Bitcoin into Municipal Finance Strategy

Vancouver has passed a motion to become a "Bitcoin-friendly city". Vancouver Mayor Ken Sim stated at a city council meeting on December 11th, "We face challenges in terms of affordability, and I believe Bitcoin can help solve our challenges, including financial and affordability challenges."

Previously, Vancouver Mayor Ken Sim urged the city council to explore incorporating Bitcoin into its municipal financial strategy, emphasizing the potential of cryptocurrencies to enhance financial stability in tumultuous fiat markets. At the December 11th city council meeting, Sim proposed a motion entitled "Maintaining Purchasing Power Through Financial Reserve Diversification - Becoming a Bitcoin-Friendly City".