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Legal obstacles remain a significant hurdle. Existing Canadian laws prevent cities from using cryptocurrency for municipal payments or holding it as reserves. Provincial legislation also restricts risky investments with public funds, potentially stalling Sim\u2019s ambitious plans.<\/p>\n\n\n\n

Despite these challenges, Sim remains optimistic, describing Bitcoin as \"one of humanity\u2019s greatest inventions\" and a potential asset for Vancouver\u2019s future.<\/p>\n","post_title":"Vancouver Aims To Become \u2018Bitcoin-Friendly\u2019 With Mayor\u2019s Bold Proposal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vancouver-aims-to-become-bitcoin-friendly-with-mayors-bold-proposal","to_ping":"","pinged":"","post_modified":"2024-12-16 21:17:47","post_modified_gmt":"2024-12-16 10:17:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Several experts have offered mixed opinions. Victoria Lemieux, a UBC professor and blockchain expert, supported the initiative, highlighting Bitcoin's potential for economic innovation. Others, like Green Councillor Pete Fry, voiced concerns over cryptocurrency's links to money laundering and organized crime.<\/p>\n\n\n\n

Legal obstacles remain a significant hurdle. Existing Canadian laws prevent cities from using cryptocurrency for municipal payments or holding it as reserves. Provincial legislation also restricts risky investments with public funds, potentially stalling Sim\u2019s ambitious plans.<\/p>\n\n\n\n

Despite these challenges, Sim remains optimistic, describing Bitcoin as \"one of humanity\u2019s greatest inventions\" and a potential asset for Vancouver\u2019s future.<\/p>\n","post_title":"Vancouver Aims To Become \u2018Bitcoin-Friendly\u2019 With Mayor\u2019s Bold Proposal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vancouver-aims-to-become-bitcoin-friendly-with-mayors-bold-proposal","to_ping":"","pinged":"","post_modified":"2024-12-16 21:17:47","post_modified_gmt":"2024-12-16 10:17:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Expert's Opinion<\/h2>\n\n\n\n

Several experts have offered mixed opinions. Victoria Lemieux, a UBC professor and blockchain expert, supported the initiative, highlighting Bitcoin's potential for economic innovation. Others, like Green Councillor Pete Fry, voiced concerns over cryptocurrency's links to money laundering and organized crime.<\/p>\n\n\n\n

Legal obstacles remain a significant hurdle. Existing Canadian laws prevent cities from using cryptocurrency for municipal payments or holding it as reserves. Provincial legislation also restricts risky investments with public funds, potentially stalling Sim\u2019s ambitious plans.<\/p>\n\n\n\n

Despite these challenges, Sim remains optimistic, describing Bitcoin as \"one of humanity\u2019s greatest inventions\" and a potential asset for Vancouver\u2019s future.<\/p>\n","post_title":"Vancouver Aims To Become \u2018Bitcoin-Friendly\u2019 With Mayor\u2019s Bold Proposal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vancouver-aims-to-become-bitcoin-friendly-with-mayors-bold-proposal","to_ping":"","pinged":"","post_modified":"2024-12-16 21:17:47","post_modified_gmt":"2024-12-16 10:17:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

City staff will now assess the feasibility of converting a portion of Vancouver's reserves into cryptocurrency. They will also examine legal and environmental concerns tied to Bitcoin mining and explore clean-energy options within the sector.<\/p>\n\n\n\n

Expert's Opinion<\/h2>\n\n\n\n

Several experts have offered mixed opinions. Victoria Lemieux, a UBC professor and blockchain expert, supported the initiative, highlighting Bitcoin's potential for economic innovation. Others, like Green Councillor Pete Fry, voiced concerns over cryptocurrency's links to money laundering and organized crime.<\/p>\n\n\n\n

Legal obstacles remain a significant hurdle. Existing Canadian laws prevent cities from using cryptocurrency for municipal payments or holding it as reserves. Provincial legislation also restricts risky investments with public funds, potentially stalling Sim\u2019s ambitious plans.<\/p>\n\n\n\n

Despite these challenges, Sim remains optimistic, describing Bitcoin as \"one of humanity\u2019s greatest inventions\" and a potential asset for Vancouver\u2019s future.<\/p>\n","post_title":"Vancouver Aims To Become \u2018Bitcoin-Friendly\u2019 With Mayor\u2019s Bold Proposal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vancouver-aims-to-become-bitcoin-friendly-with-mayors-bold-proposal","to_ping":"","pinged":"","post_modified":"2024-12-16 21:17:47","post_modified_gmt":"2024-12-16 10:17:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

\"It would be irresponsible for the City of Vancouver to not look at the merits of adding bitcoin to the city's strategic assets to preserve the city's financial stability,\"<\/em> his motion argued.<\/p>\n\n\n\n

City staff will now assess the feasibility of converting a portion of Vancouver's reserves into cryptocurrency. They will also examine legal and environmental concerns tied to Bitcoin mining and explore clean-energy options within the sector.<\/p>\n\n\n\n

Expert's Opinion<\/h2>\n\n\n\n

Several experts have offered mixed opinions. Victoria Lemieux, a UBC professor and blockchain expert, supported the initiative, highlighting Bitcoin's potential for economic innovation. Others, like Green Councillor Pete Fry, voiced concerns over cryptocurrency's links to money laundering and organized crime.<\/p>\n\n\n\n

Legal obstacles remain a significant hurdle. Existing Canadian laws prevent cities from using cryptocurrency for municipal payments or holding it as reserves. Provincial legislation also restricts risky investments with public funds, potentially stalling Sim\u2019s ambitious plans.<\/p>\n\n\n\n

Despite these challenges, Sim remains optimistic, describing Bitcoin as \"one of humanity\u2019s greatest inventions\" and a potential asset for Vancouver\u2019s future.<\/p>\n","post_title":"Vancouver Aims To Become \u2018Bitcoin-Friendly\u2019 With Mayor\u2019s Bold Proposal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vancouver-aims-to-become-bitcoin-friendly-with-mayors-bold-proposal","to_ping":"","pinged":"","post_modified":"2024-12-16 21:17:47","post_modified_gmt":"2024-12-16 10:17:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

See Related:<\/em><\/strong> FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement<\/a><\/p>\n\n\n\n

\"It would be irresponsible for the City of Vancouver to not look at the merits of adding bitcoin to the city's strategic assets to preserve the city's financial stability,\"<\/em> his motion argued.<\/p>\n\n\n\n

City staff will now assess the feasibility of converting a portion of Vancouver's reserves into cryptocurrency. They will also examine legal and environmental concerns tied to Bitcoin mining and explore clean-energy options within the sector.<\/p>\n\n\n\n

Expert's Opinion<\/h2>\n\n\n\n

Several experts have offered mixed opinions. Victoria Lemieux, a UBC professor and blockchain expert, supported the initiative, highlighting Bitcoin's potential for economic innovation. Others, like Green Councillor Pete Fry, voiced concerns over cryptocurrency's links to money laundering and organized crime.<\/p>\n\n\n\n

Legal obstacles remain a significant hurdle. Existing Canadian laws prevent cities from using cryptocurrency for municipal payments or holding it as reserves. Provincial legislation also restricts risky investments with public funds, potentially stalling Sim\u2019s ambitious plans.<\/p>\n\n\n\n

Despite these challenges, Sim remains optimistic, describing Bitcoin as \"one of humanity\u2019s greatest inventions\" and a potential asset for Vancouver\u2019s future.<\/p>\n","post_title":"Vancouver Aims To Become \u2018Bitcoin-Friendly\u2019 With Mayor\u2019s Bold Proposal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vancouver-aims-to-become-bitcoin-friendly-with-mayors-bold-proposal","to_ping":"","pinged":"","post_modified":"2024-12-16 21:17:47","post_modified_gmt":"2024-12-16 10:17:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Sim, an investor in cryptocurrency, called Bitcoin a \"financially responsible asset\" amid inflation and market instability. He pledged to donate $10,000 worth of Bitcoin to the city to underline his commitment. <\/p>\n\n\n\n

See Related:<\/em><\/strong> FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement<\/a><\/p>\n\n\n\n

\"It would be irresponsible for the City of Vancouver to not look at the merits of adding bitcoin to the city's strategic assets to preserve the city's financial stability,\"<\/em> his motion argued.<\/p>\n\n\n\n

City staff will now assess the feasibility of converting a portion of Vancouver's reserves into cryptocurrency. They will also examine legal and environmental concerns tied to Bitcoin mining and explore clean-energy options within the sector.<\/p>\n\n\n\n

Expert's Opinion<\/h2>\n\n\n\n

Several experts have offered mixed opinions. Victoria Lemieux, a UBC professor and blockchain expert, supported the initiative, highlighting Bitcoin's potential for economic innovation. Others, like Green Councillor Pete Fry, voiced concerns over cryptocurrency's links to money laundering and organized crime.<\/p>\n\n\n\n

Legal obstacles remain a significant hurdle. Existing Canadian laws prevent cities from using cryptocurrency for municipal payments or holding it as reserves. Provincial legislation also restricts risky investments with public funds, potentially stalling Sim\u2019s ambitious plans.<\/p>\n\n\n\n

Despite these challenges, Sim remains optimistic, describing Bitcoin as \"one of humanity\u2019s greatest inventions\" and a potential asset for Vancouver\u2019s future.<\/p>\n","post_title":"Vancouver Aims To Become \u2018Bitcoin-Friendly\u2019 With Mayor\u2019s Bold Proposal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vancouver-aims-to-become-bitcoin-friendly-with-mayors-bold-proposal","to_ping":"","pinged":"","post_modified":"2024-12-16 21:17:47","post_modified_gmt":"2024-12-16 10:17:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1866988960037142863\n<\/div><\/figure>\n\n\n\n

Sim, an investor in cryptocurrency, called Bitcoin a \"financially responsible asset\" amid inflation and market instability. He pledged to donate $10,000 worth of Bitcoin to the city to underline his commitment. <\/p>\n\n\n\n

See Related:<\/em><\/strong> FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement<\/a><\/p>\n\n\n\n

\"It would be irresponsible for the City of Vancouver to not look at the merits of adding bitcoin to the city's strategic assets to preserve the city's financial stability,\"<\/em> his motion argued.<\/p>\n\n\n\n

City staff will now assess the feasibility of converting a portion of Vancouver's reserves into cryptocurrency. They will also examine legal and environmental concerns tied to Bitcoin mining and explore clean-energy options within the sector.<\/p>\n\n\n\n

Expert's Opinion<\/h2>\n\n\n\n

Several experts have offered mixed opinions. Victoria Lemieux, a UBC professor and blockchain expert, supported the initiative, highlighting Bitcoin's potential for economic innovation. Others, like Green Councillor Pete Fry, voiced concerns over cryptocurrency's links to money laundering and organized crime.<\/p>\n\n\n\n

Legal obstacles remain a significant hurdle. Existing Canadian laws prevent cities from using cryptocurrency for municipal payments or holding it as reserves. Provincial legislation also restricts risky investments with public funds, potentially stalling Sim\u2019s ambitious plans.<\/p>\n\n\n\n

Despite these challenges, Sim remains optimistic, describing Bitcoin as \"one of humanity\u2019s greatest inventions\" and a potential asset for Vancouver\u2019s future.<\/p>\n","post_title":"Vancouver Aims To Become \u2018Bitcoin-Friendly\u2019 With Mayor\u2019s Bold Proposal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vancouver-aims-to-become-bitcoin-friendly-with-mayors-bold-proposal","to_ping":"","pinged":"","post_modified":"2024-12-16 21:17:47","post_modified_gmt":"2024-12-16 10:17:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Vancouver's city council has approved Mayor Ken Sim\u2019s motion <\/a>to explore making the city \"bitcoin-friendly.\" The plan involves investigating cryptocurrency integration into city financial strategies, including accepting Bitcoin payments and holding reserves in cryptocurrency.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1866988960037142863\n<\/div><\/figure>\n\n\n\n

Sim, an investor in cryptocurrency, called Bitcoin a \"financially responsible asset\" amid inflation and market instability. He pledged to donate $10,000 worth of Bitcoin to the city to underline his commitment. <\/p>\n\n\n\n

See Related:<\/em><\/strong> FBI Arrests Hacker Behind Fake SEC Bitcoin ETF Announcement<\/a><\/p>\n\n\n\n

\"It would be irresponsible for the City of Vancouver to not look at the merits of adding bitcoin to the city's strategic assets to preserve the city's financial stability,\"<\/em> his motion argued.<\/p>\n\n\n\n

City staff will now assess the feasibility of converting a portion of Vancouver's reserves into cryptocurrency. They will also examine legal and environmental concerns tied to Bitcoin mining and explore clean-energy options within the sector.<\/p>\n\n\n\n

Expert's Opinion<\/h2>\n\n\n\n

Several experts have offered mixed opinions. Victoria Lemieux, a UBC professor and blockchain expert, supported the initiative, highlighting Bitcoin's potential for economic innovation. Others, like Green Councillor Pete Fry, voiced concerns over cryptocurrency's links to money laundering and organized crime.<\/p>\n\n\n\n

Legal obstacles remain a significant hurdle. Existing Canadian laws prevent cities from using cryptocurrency for municipal payments or holding it as reserves. Provincial legislation also restricts risky investments with public funds, potentially stalling Sim\u2019s ambitious plans.<\/p>\n\n\n\n

Despite these challenges, Sim remains optimistic, describing Bitcoin as \"one of humanity\u2019s greatest inventions\" and a potential asset for Vancouver\u2019s future.<\/p>\n","post_title":"Vancouver Aims To Become \u2018Bitcoin-Friendly\u2019 With Mayor\u2019s Bold Proposal","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"vancouver-aims-to-become-bitcoin-friendly-with-mayors-bold-proposal","to_ping":"","pinged":"","post_modified":"2024-12-16 21:17:47","post_modified_gmt":"2024-12-16 10:17:47","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=19878","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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Ken Sim

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