City staff will now investigate Sim's idea of converting a portion of Vancouver's reserve funds to bitcoin, even though the province says it's not allowed.

Vancouver City Council passed a motion proposed by Mayor Ken Sim to explore ways to make Vancouver a “Bitcoin-friendly” city.

The motion, introduced by Mayor Ken Sim, received strong backing, with six councilors voting in favor, two opposing, and three absent during the decision. The initiative aims to evaluate Bitcoin's potential as a tool to hedge against inflation and currency devaluation.