6 months ago
Vancouver, British Columbia's metropolis assembly has passed a question to research the anticipation of accepting bitcoin (BTC) for outgo of taxes and fees arsenic good arsenic establishing a bitcoin reserve.
The motion, prepared by Mayor Ken Sim, calls for "diversifying the City of Vancouver's fiscal reserves and outgo options to see bitcoin."
"It would beryllium irresponsible for the City of Vancouver to not look astatine the merits of adding bitcoin to the City’s strategical assets to sphere the City’s fiscal stability," reads the motion.
The question calls for City unit to study backmost to the Council connected the feasibility of a "bitcoin-friendly city" strategy by the extremity of the archetypal 4th of 2025.
This question marks a important alteration successful City argumentation towards BTC, arsenic Vancouver's anterior Mayor, Kennedy Stewart <a href="https://www.coindesk.com/markets/2019/06/07/vancouver-saw-the-first-ever-bitcoin-atm-now-its-mayor-wants-to-ban-them" target="_blank">tried to outright prohibition bitcoin ATMs wrong metropolis limits successful 2019</a> (Vancouver was location to the world's archetypal bitcoin ATM).
Vancouver is besides the <a href="https://macleans.ca/economy/business/who-is-changpeng-zhao-canadas-crypto-king/" target="_blank">childhood home</a> of erstwhile Binance CEO Changpeng 'CZ' Zhao, and wherever failed crypto speech <a href="https://www.coindesk.com/learn/the-story-behind-quadrigacx-and-gerald-cotten-netflixs-crypto-king" target="_blank">QuadrigaCX </a>was headquartered.
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