Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 11460
Markets: 87462
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
11460
Cryptocurrencies
58.72%
Bitcoin Share
Crypto Potato 2024-11-28 23:45:36

Vancouver Mayor Proposes a Motion to Make City ‘Bitcoin-Friendly’

Vancouver Mayor Proposes a Motion to Make City ‘Bitcoin-Friendly’

Vancouver Mayor Ken Sim has revealed plans to incorporate Bitcoin (BTC) into the city’s investment portfolio, aiming to position the town as a crypto-friendly hub. This initiative seeks to diversify the city’s financial assets by including Bitcoin on its balance sheet. The Mayor’s Plan During a November 26 Vancouver city council meeting , Sim introduced a notice of motion titled “Preserving the city’s purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city.” The motion, set to be formally presented on December 11, is part of a broader strategy to modernize Vancouver’s financial framework and mitigate economic risks by leveraging Bitcoin’s growing value. With BTC recently reaching an all-time high of over $98,000, Sim believes incorporating the cryptocurrency into the city’s financial portfolio could provide stability and growth opportunities in the long term. Although the leader has rarely discussed cryptocurrency adoption publicly since taking office in October 2022, his interest in Bitcoin has been evident. During his mayoral campaign, his political party, A Better City, announced that it would accept crypto donations. At the time, Sim said the initiative was a commitment to promoting technology in governance. Furthermore, a copy of the influential book The Bitcoin Standard by Saifedean Ammous, often cited by crypto proponents, was recently spotted in Sim’s office during a Global News interview. A Global Shift Vancouver’s latest initiative to incorporate Bitcoin into its financial portfolio reflects a global shift toward recognizing cryptocurrency as a viable financial hedge. At the Bitcoin 2024 conference in Nashville, U.S. President-elect Donald Trump proposed creating a national Bitcoin reserve. He positioned the cryptocurrency as a strategic asset comparable to gold in the country’s financial system. Other leaders worldwide have also embraced similar ideas. Venezuelan opposition leader María Corina Machado has advocated for Bitcoin’s adoption as a national reserve asset. In a previous interview, she described the asset as a “lifeline” and an essential tool of resistance against her country’s economic turmoil. Canada, where BTC is fully legal and widely embraced, has been at the forefront of cryptocurrency adoption. The nation was the first to approve spot Bitcoin exchange-traded funds (ETFs), offering citizens easy access to cryptocurrency investments. The fate of Mayor Ken Sim’s motion remains uncertain as it awaits consideration by the city council. If approved, Vancouver would join a growing list of cities and nations embracing Bitcoin’s potential to enhance financial resilience and drive economic growth. The post Vancouver Mayor Proposes a Motion to Make City ‘Bitcoin-Friendly’ appeared first on CryptoPotato .

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
58.72%
Bitcoin Share
0
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.