Just In: Vancouver Mayor Ken Sim Proposes Bitcoin As Reserve Asset

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The story "Just In: Vancouver Mayor Ken Sim Proposes Bitcoin As Reserve Asset" was covered 11 hours ago by CoinGape, a news publisher based in India.

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Just In: Vancouver Mayor Ken Sim Proposes Bitcoin As Reserve Asset - CoinGape

Quick Summary:

A motion titled "Preserving the city’s purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city” is set to be presented to Vancouver City Council on December 11, 2024.

Vancouver Mayor Ken Sim has announced plans to explore Bitcoin as part of the city’s financial strategy, marking a shift toward cryptocurrency adoption.

Mayor Sim’s office has not issued a formal statement on the motion.