Vancouver Mayor Proposes Bitcoin to Fight Inflation

Vancouver Mayor Proposes Bitcoin to Fight Inflation

Citing Bitcoin's potential to increase economic resilience against inflation and fiat currency instability, Vancouver Mayor Ken Sim has put up a daring plan to integrate the cryptocurrency into the municipality's financial policies. Sim introduced a resolution titled “Preserving of the City’s Purchasing Power Through Diversification of Financial Reserves – Becoming A Bitcoin Friendly City.” during a municipal council meeting on December 11. H...

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