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Danny Park

Vancouver staff says bitcoin cannot be held as a city investment, urges council to cancel BTC reserve plan

In a recent report to the Vancouver City Council, municipal staff concluded that bitcoin does not qualify as an allowable investment asset for the city under the Vancouver Charter and recommended ending work on a proposed BTC reserve. The motion, introduced by Mayor Ken Sim in November 2024 to make Vancouver more “bitcoin-friendly” by allocating part of its reserves to BTC, had been approved in December 2024 pending a feasibility review.
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