Vancouver Mayor: Evaluating Converting Part of City's Financial Reserves into Bitcoin

Planet Daily News: Vancouver Mayor Ken Sim stated in a recent event's keynote speech that he will continue to promote Vancouver as a Bitcoin-friendly city. He is currently awaiting a report from municipal staff to confirm the integration of digital currencies into Vancouver's financial strategy and system, including but not limited to accepting Bitcoin for tax payments and converting part of the city's fiscal reserves into Bitcoin to maintain purchasing power and protect against volatility, depreciation, and inflationary pressures of traditional currencies. Note: Ken Sim, born in Vancouver, Canada, is a descendant of Hong Kong immigrants and officially took office as the Mayor of Vancouver in November 2022. (PEAK)