News Explorer — Vancouver's Plan to Invest in Bitcoin Goes Against Municipal Investment Rules: Report

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Mar 6, 8:39 am

Coindesk

Vancouver's Plan to Invest in Bitcoin Goes Against Municipal Investment Rules: Report

Vancouver Mayor Ken Sim's plan to invest city reserves in Bitcoin violates municipal investment rules outlined in the Vancouver Charter and British Columbia's Municipal Finance Authority Act. The staff report recommends closing the motion to make Vancouver a "Bitcoin-friendly city" due to these restrictions.

Vancouver Mayor Ken Sim's plan to invest city reserves in Bitcoin violates municipal investment rules outlined in the Vancouver Charter and British Columbia's Municipal Finance Authority Act. The staff report recommends closing the motion to make Vancouver a "Bitcoin-friendly city" due to these restrictions.

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