News with the tag "Vancouver"

The Vancouver City Council approved a motion to explore integrating Bitcoin into its financial operations. The measure, introduced by Mayor Ken Sim and passed at the December 11, 2024 Standing Committee meeting, directs staff to investigate accepting BTC for city taxes and fees and the feasibility o...

A policy that could allow the use of bitcoin in city financing has been enacted by the Vancouver City Council. Vancouver Votes to Get Ahead on Bitcoin Vancouver, the third-largest metropolitan area in Canada, has passed a policy that could result in the use of bitcoin in city finances. The council o...

Vancouver Goes ‘Bitcoin-Friendly’ as Global Interest Surges Vancouver has taken a bold step into the world of digital assets, with its City Council passing a motion to become a “Bitcoin-friendly city.” According to Bloomberg, the Canadian city will explore incorporating Bitcoin into municipal financ...

The Vancouver City Council has taken a bold step toward embracing Bitcoin, approving a motion to explore its integration into the city’s financial framework. Mayor Ken Sim introduced the initiative, which envisions Vancouver becoming a “Bitcoin-friendly city” by potentially creating a Bitcoin reserv...

Six councilors supported the motion, and two opposed it over concerns about digital assets’ potential for use in illicit activities and environmental impacts through mining.

Mayor Ken Sim urges Vancouver to explore Bitcoin adoption, highlighting its potential to safeguard financial stability amid fiat inflation.

The Vancouver Bitcoin proposal will be discussed at the city council meeting on December 11. Read original article on coincu.com

Vancouver is the latest city to join the discussions on adding Bitcoin to the government’s financial reserves. At a city council meeting on November 26th, Mayor Ken Sim submitted his notice of motion, where he plans to introduce his proposed Bitcoin bill on December 11th. The city’s proposal is titl...

Vancouver Mayor Ken Sim proposes integrating Bitcoin as a reserve asset to diversify investments, boosting efforts to establish a Bitcoin-Friendly Vancouver. Read original article on coincu.com

The proposed plan by Vancouver Mayor Ken Sim for the city’s “diversification of financial resources” suggested an investment in Bitcoin as a reserve asset.