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Vancouver integrates BTC into the municipal financial strategic proposal.
Golden Finance reported that Vancouver has become a “BTC-friendly city” through a motion. Vancouver Mayor Ken Sim said at the council meeting on December 11th, “We face challenges in terms of affordability, and I believe that BTC can solve our challenges, including financial and affordability challenges”. Previously, Vancouver Mayor Kennedy Stewart urged city council to explore incorporating Bitcoin into its municipal financial strategies, emphasizing the potential of cryptocurrencies to enhance financial stability in turbulent fiat markets. At the city council meeting on December 11th, Sim proposed a motion titled ‘Maintaining Purchasing Power in the City Through Financial Reserve Diversification - Becoming a Bitcoin Friendly City’.