Vancouver City Government recommends the City Council revoke the "Bitcoin-Friendly" city proposal

MarsBitNews · 2026-03-06T06:19:25+00:00

Vancouver City Government recommends撤销 the proposal to develop the city as a "Bitcoin-friendly" area, as Bitcoin does not comply with the investment assets permitted under the Vancouver Charter. The proposal was initially提出 in 2024, and staff希望 to readjust resource priorities.

MarsBitNews

2026-03-06 06:19:25

Abstract generation in progress

Mars Finance News, March 6 — According to The Block, Vancouver city government officials, after legal review, have recommended that the city council withdraw a proposal to make Vancouver a “Bitcoin-friendly” city. In a recent report submitted to the Vancouver City Council, officials recommended abolishing the bill titled “Protecting City Purchasing Power Through Diversified Financial Reserves — Becoming a Bitcoin-Friendly City,” which was initially proposed in November 2024. The report states: “Officials have clearly determined that, according to the Vancouver Charter, Bitcoin is not an authorized municipal investment asset, and therefore recommend discontinuing related work.” The Vancouver Charter is the law governing municipal operations. The report also mentions that re-prioritizing staff resources and coordinating with other municipal plans are additional reasons for proposing the withdrawal of the bill.

BTC-3,86%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.