Vancouver Mayor Ken Sim announced plans to incorporate Bitcoin into the city's balance sheet to diversify the city's investment portfolio. This proposal will be submitted to the city council on December 11, with the motion titled 'Maintaining City Purchasing Power through Financial Resource Diversification: Becoming a Bitcoin-Friendly City.' It is currently unclear whether the proposal will receive sufficient support in the city council. Sim previously expressed support for cryptocurrencies during his campaign and announced acceptance of cryptocurrency donations. (Cointelegraph)