Vancouver Approves Motion to Explore Becoming a Bitcoin-Friendly City

Vancouver Approves Motion to Explore Becoming a Bitcoin-Friendly City

The Vancouver City Council has approved a motion to explore integrating Bitcoin into municipal financial operations. The resolution, which was put forth by Vancouver Mayor Ken Sim during the council meeting on December 11, was approved with six votes in favor, two against, and three abstentions. Motivated by worries about inflation and currency devaluation, the project seeks to determine whether implementing Bitcoin as a municipal reserve and...

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