News list for " City of Vancouver"

The mayor of Vancouver is evaluating the conversion of some of the city's financial reserves to bitcoin

On April 12, according to PRpeak, Ken Sim, the mayor of Vancouver, Canada, recently delivered a keynote speech at the event, saying that he will continue to promote Vancouver as a bitcoin-friendly city. He is currently waiting for a report from the city staff to confirm the integration of digital currencies into the financial strategy and system of the city of Vancouver, including but not limited to accepting bitcoin to pay taxes and fees, and converting part of the city's fiscal reserves into b...

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2025-04-12 11:01:22
Vancouver Mayor Ken Sim: Bitcoin has been the best performing asset in the past 16 years

Ken Sim, Mayor of Vancouver: Bitcoin is the best performing asset in the last 16 years. It's better than gold. It won't be seized by military force. It could make Vancouver a world leader in bitcoin innovation.

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2024-12-22 21:52:26
Vancouver passes bill to integrate bitcoin into municipal finance strategy

Vancouver passed a bill to become a "bitcoin-friendly city". Ken Sim, Vancouver's mayor, said at a city council meeting on December 11 that "we face affordability challenges and I firmly believe that bitcoin can solve our challenges, both financially and affordability." Vancouver Mayor Ken Sim has urged the city council to explore integrating bitcoin into municipal finance strategies, highlighting the potential of cryptocurrencies to enhance financial stability in a volatile fiat market. On Dece...

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2024-12-12 07:35:09
Vancouver mayor proposes adopting bitcoin to fight inflation

Vancouver Mayor Ken Sim has urged the city council to explore the integration of bitcoin into municipal finance strategies, emphasizing the potential of cryptocurrencies to enhance financial stability in a volatile fiat market. At the Dec. 11 meeting of the city council, Sim introduced a bill entitled "Maintaining the City's Purchasing Power by Diversifying Financial Reserves - Becoming a Bitcoin Friendly City", arguing that Bitcoin has built a "good reputation" over its 16-year history as a saf...

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2024-12-10 09:21:51
Canada's Vancouver mayor plans to launch "Bitcoin Friendly City" initiative

Ken Sim, mayor of Vancouver since 2022, has announced that the Canadian city of Vancouver plans to add bitcoin to its balance sheet as part of its investment diversification efforts. At the Vancouver City Council meeting on November 26, Mayor Sim submitted a notice of motion, scheduled to be introduced on December 11, titled "Maintaining the City's Purchase through Diversification of Financial Resources."

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2024-11-27 17:49:30