Vancouver Mayor Proposes Bitcoin Integration Into City Reserves

According to Foresight News, Vancouver Mayor Ken Sim is set to present a proposal to the city council on December 11, aiming to incorporate Bitcoin into the city's financial reserves. This initiative is part of a diversified investment strategy designed to safeguard the city's purchasing power and establish Vancouver as a 'Bitcoin-friendly city.' Vancouver, recognized as a significant cryptocurrency hub on Canada's west coast, may be influenced by the pro-cryptocurrency policies of U.S. President-elect Donald Trump. The proposal is expected to receive favorable consideration, given that Mayor Sim's ABC party holds a majority in the city council, increasing the likelihood of its approval.