Vancouver Passes Proposal to Integrate Bitcoin into Municipal Financial Strategy
Vancouver has passed a proposal to become a 'Bitcoin-Friendly City'. Vancouver Mayor Ken Sim stated during the city council meeting on December 11, 'We are facing challenges in affordability, and I firmly believe that Bitcoin can address our challenges, including financial and affordability issues.' Previously, Mayor Ken Sim urged the city council to explore integrating Bitcoin into the municipal financial strategy, emphasizing the potential of cryptocurrency to enhance financial stability in turbulent fiat markets. During the city council meeting on December 11, Sim introduced a proposal titled 'Maintaining the City's Purchasing Power through Financial Reserve Diversification - Becoming a Bitcoin-Friendly City'.
