Similar Stories to Vancouver Mayor Proposes Bitcoin As A Reserve Asset on Bing News

Radek Zielinski, ReadWriteWeb
Thu, 11/28/2024 - 9:40am

Ken Sim — the mayor of Vancouver, one of Western Canada’s biggest cities — proposed adding Bitcoin (BTC) to the local government’s reserves. During the Nov. 26 Vancouver City Council meeting, Sim submitted a notice of motion under the title Preserving the city’s purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city.” As the title suggests, the motion aims to assess Bitcoin’s potential as a way to safeguard the city’s purchasing power amid economic turmoil. The motion itself is not yet available on the government’s website, but it is set to be formally introduced on Dec.

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BING NEWS:
  • Bitcoin Strategic Reserves: Russia Proposes National Holdings as Global Interest Grows
    Russian lawmaker Anton Tkachev has proposed creating a national Bitcoin reserve to counter sanctions and enhance financial stability, joining a growing number of countries exploring cryptocurrency for ...
    12/9/2024 - 10:03 pm | View Link
  • Vancouver mayor proposes Bitcoin adoption to fight inflation
    Vancouver Mayor Ken Sim has urged the city council to explore the integration of Bitcoin into municipal financial strategies, emphasizing the cryptocurrency’s potential to bolster financial stability ...
    12/9/2024 - 8:56 pm | View Link
  • Mayor pitches making Vancouver a ‘Bitcoin-friendly city’
    The motion would direct city staff to look into how to integrate the cryptocurrency into the city's financial strategies, including potentially accepting taxes and fees in Bitcoin.
    12/9/2024 - 11:39 am | View Link
  • Vancouver mayor's idea to create bitcoin reserve for city 'extremely risky': law professor
    Mayor Ken Sim wants Vancouver to become a bitcoin-friendly city, and that could include accepting payments for city services in cryptocurrency.
    12/9/2024 - 10:23 am | View Link
  • Russian State Duma Deputy Proposes Strategic Bitcoin Reserve
    Today, Russian state-owned domestic news agency, RIA Novosti, reported that State Duma Deputy Anton Tkachev proposed creating a strategic bitcoin reserve for Russia, claiming they have obtained a copy ...
    12/9/2024 - 9:01 am | View Link
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BING SEARCH:
  • Vancouver mayor proposes using Bitcoin in city finances
    Vancouver mayor proposes using Bitcoin in city finances. Thomas Seal . Updated Sat, Dec 7, 2024, 5:32 AM 3 min read (Bloomberg) — Vancouver may try to integrate Bitcoin into city finances just ...
    12/7/2024 - 12:29 am | View Website
  • Mayor Ken Sim Proposes Integrating Bitcoin Into Vancouver City Finances ...
    Vancouver, BC, December 6, 2024--Vancouver could move to integrate Bitcoin into city finances in the wake of it's surge to an all-time high above $100,000.On Dec. 11, Vancouver City Council will consider a motion from Mayor Ken Sim titled "Preserving of the City's Purchasing Power Through Diversification of Financial Reserves - Becoming A Bitcoin Friendly City."
    12/6/2024 - 9:56 am | View Website
  • Vancouver Mayor Ken Sim declares that Bitcoin has been de-risked, wants ...
    Vancouver Mayor Ken Sim wants Bitcoin on the table as a serious contender in the city’s financial strategy. He proposed Vancouver explore Bitcoin as a reserve asset to diversify its financial reserves and protect the city’s purchasing power. His proposal will be reviewed by the Vancouver City Council on December 11.
    12/6/2024 - 8:59 am | View Website
  • Vancouver considers integrating bitcoin into city finances
    Vancouver could move to integrate bitcoin into city finances in the slipstream of the digital token’s surge to an all-time high above US$100,000, a rally fuelled by U.S. President-elect Donald Trump’s support for crypto. On Dec. 11, Vancouver City Council will consider a motion from Mayor Ken ...
    12/4/2024 - 6:55 pm | View Website
  • Vancouver Proposes Motion to Hold Bitcoin as Reserve Asset
    Vancouver Mayor Ken Sim proposes adding Bitcoin as a reserve asset to diversify city finances and protect purchasing power, with a motion set for council review on December 11.
    11/27/2024 - 10:45 pm | View Website
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