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Haha, Vancouver's mayor tried to stop municipal reserves in Bitcoin but the city said no 😅 Turns out their laws only allow conservative crypto investments — only bonds, bank deposits, and that kind of boring stuff. Stocks, commodities, none of that is allowed.
What’s funny is: they could accept Bitcoin for taxes if they immediately converted it to Canadian dollars. So the door isn’t completely closed, but for real crypto investing with municipal funds? Nope, not in Vancouver.
BTC is back above 74k meanwhile, so while Vancouver is cautious, the market just keeps going up. Interesting how cities handle this differently, right?