Official announcements or press releases from the City of Vancouver

Vancouver Mayor Ken Sim Proposes Bitcoin Reserve Asset Motion for December 11

Nov 27, 2024, 07:34 PM

The Mayor of Vancouver, Canada, Ken Sim, has proposed a motion for the city to adopt Bitcoin as a strategic reserve asset. This initiative is aimed at preserving the city’s purchasing power and diversifying its financial strategy. Confirmed in a city council meeting, the motion is set to be presented on December 11, 2024, as part of a broader plan to make Vancouver a 'Bitcoin-friendly' city. If approved, this would mark a significant step in integrating cryptocurrency into municipal financial management.