Vancouver City Council Passes Pro-Bitcoin Motion Citing Fiat Challenges

Quick Summary:

The motion calls for the integration of bitcoin into Vancouver's financial strategies, including establishing a bitcoin reserve.

Vancouver is also the childhood home of former Binance CEO Changpeng 'CZ' Zhao, and where failed crypto exchange QuadrigaCX was headquartered.

The motion calls for City staff to report back to the Council on the feasibility of a "bitcoin-friendly city" strategy by the end of the first quarter of 2025.

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Article Details

Author / Journalist: Sam Reynolds

Category: Crypto

Markets: United StatesCuba

Topics: Financial Bitcoin Coindesk Policy City Motion Calls Council Vancouver

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 05:02:25 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Article Length: 176 words

Reading Time: 1 minutes read

Sentences: 19 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinDesk

News ID: 24369011

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