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.

Vancouver adopted a policy that could lead to it using bitcoin in city finances — prompted in part by the return of U.S. president-elect Donald Trump. The motion to become a “bitcoin-friendly city” and explore its possible municipal use was passed Wednesday by Vancouver city council.

The city council of major Canadian city Vancouver gave the green light to study Bitcoin's integration in the local financial system.

Vancouver City Council debates Mayor Ken Sim's proposal to use Bitcoin as a reserve asset to enhance financial strategy and stability.

The Vancouver City Council has greenlit a study to integrate Bitcoin despite regulatory constraints and environmental concerns.

The vote is a part of a growing movement of governments and companies to invest in Bitcoin as a hedge against inflation.

Vancouver will explore the use of Bitcoin in city finances, its role in safeguarding purchasing power amid inflation concerns.

Vancouver is moving ahead with plans to become a “Bitcoin-friendly city,” as the City Council has green lighted a motion to explore Bitcoin integration. On December 11, the motion dubbed “Preserving of the City’s Purchasing Power Through Diversification of Financial Reserves – Becoming A Bitcoin Friendly City” passed with strong support,

Vancouver City Council passed a motion to consider Bitcoin as a financial reserve. The council has given lawmakers three months to explore the pros and