Reported 19 days ago
Vancouver's Mayor Ken Sim is proposing to integrate Bitcoin into the city's finances, citing potential benefits such as maintaining purchasing power and promoting innovation. The proposition, set to be discussed on December 11, aims to explore accepting Bitcoin for taxes and converting some reserves into the cryptocurrency. Vancouver has a history with crypto, featuring the first Bitcoin ATM in 2013, but previous concerns about cryptocurrency mining's environmental impact have arisen. The mayor expresses strong confidence in Bitcoin's future, although any implementation may require legislative adjustments.
Source: YAHOO