PANews reported on April 12 that according to PRpeak, Vancouver Mayor Ken Sim recently delivered a keynote speech at an event, stating that he will continue to promote Vancouver as a Bitcoin-friendly city. Currently, he is waiting for a report from municipal staff to confirm the integration of digital currency into Vancouver's financial strategy and system, including but not limited to accepting Bitcoin payments for taxes and converting part of the city's fiscal reserves into Bitcoin to maintain purchasing power and protect against fluctuations, depreciation, and inflationary pressures of traditional currency.
Note: Ken Sim's Chinese name is Shen Guanjian, born in Vancouver, Canada, is a descendant of Hong Kong immigrants, and officially took office as the Mayor of Vancouver in November 2022.
