Vancouver city council passed a motion Wednesday to make the city “bitcoin friendly,” but it’s likely to meet provincial roadblocks.

CTV News

Canada

Vancouver's 'bitcoin friendly city' plan likely to hit provincial roadblocks

Media Bias/Fact Check

Bell Media

Vancouver councillors passed a motion from Mayor Ken Sim on Wednesday that seeks to make the city "bitcoin-friendly," giving staff the thumbs up to explore holding cryptocurrency in reserve and accepting payments in the virtual currency.

Ad Fontes Media

All Sides

CBC News

Government of Canada

Vancouver council passes mayor's motion to make city 'bitcoin-friendly,' but legal hurdles remain

The motion won't mean the city is investing or accepting payment in cryptocurrency any time soon, but will instead direct staff to look into those possibilities.

Global News

Corus Entertainment

Toronto

Ontario

City of Vancouver to probe investing in Bitcoin, accepting it as payment

The post Vancouver passes motion to become a ‘Bitcoin-friendly city’ appeared first on Daily Truth Report • DailyTruthReport.com.

Cointelegraph

Vancouver passes motion to become a ‘Bitcoin-friendly city’

Vancouver, British Columbia’s city council has passed a motion to explore the possibility of accepting bitcoin (BTC) for payment of taxes and fees as well as establishing a bitcoin reserve. The motion, prepared by Mayor Ken Sim, calls for “diversifying the City of Vancouver’s financial reserves and payment options to include bitcoin.” Story continues below... The post Vancouver City Council Passes Pro-Bitcoin Motion Citing Fiat Challenges appear…

Coin Desk

Manila

Metro Manila

Philippines

Vancouver City Council Passes Pro-Bitcoin Motion Citing Fiat Challenges

A policy that could allow the use of bitcoin in city financing has been enacted by the Vancouver City Council. Vancouver Votes to Get Ahead on Bitcoin Vancouver, the third-largest metropolitan area in Canada, has passed a policy that could result in the use of bitcoin in city finances. The council of the Canadian city […]

Bitcoin.com

Vancouver City Council Passes Motion to Become 'Bitcoin-Friendly City' – Finance Bitcoin News

The city of Vancouver has passed a motion to delve into ways of making the municipality a Bitcoin-friendly city. The motion was approved on Wednesday to explore Bitcoin’s municipality use cases, such as accepting it as a payment method or directly investing in the asset.

CryptoPanic

Vancouver passes a motion to become “Bitcoin-friendly” and explore its municipal use cases

Vancouver councillors passed a motion from Mayor Ken Sim on Wednesday that seeks to make the city "bitcoin-friendly," giving staff the thumbs up to explore holding cryptocurrency in reserve and accepting payments in the virtual currency.

BizToc

Vancouver council passes mayor's motion to make city 'bitcoin-friendly'

The Vancouver City Council has greenlit a study to integrate Bitcoin despite regulatory constraints and environmental concerns.

decrypt.co

New York

United States

Vancouver Votes to Study Bitcoin Strategy Despite Provincial Pushback - WorldNL Magazine

Vancouver City Council’s recent approval of a Bitcoin reserve proposal highlights a significant shift in municipal fiscal strategy towards digital currencies. This strategic initiative aims to diversify Vancouver’s financial reserves […]

Vancouver's 'bitcoin friendly city' plan likely to hit provincial roadblocks

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