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2024-12-13 00:02:56
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bitcoinist.com on Nostr: bitcoinist.com ✍️ The Vancouver City Council approved a motion to explore ...



✍️ The Vancouver City Council approved a motion to explore integrating Bitcoin into its financial operations, aiming to protect the city's purchasing power and potentially offer new payment options.
👉 Vancouver City Council approved a motion to explore integrating Bitcoin into its financial operations
👉 Staff to investigate accepting Bitcoin for city taxes and fees
👉 Feasibility of incorporating Bitcoin into the city's financial reserves to be studied
👉 Potential benefits include preserving the value of public funds in times of inflation or economic instability
👉 Bitcoin's environmental and infrastructural contributions, such as utilizing low-cost, excess renewable energy, to be considered

#KenSim #Vancouver #ElSalvador #Bhutan #Pennsylvania #Zug #Switzerland #Seoul #SouthKorea #technology


The Vancouver City Council approved a motion to explore integrating Bitcoin into its financial operations. The measure, introduced by Mayor Ken Sim and passed at the December 11, 2024 Standing Committee meeting, directs staff to investigate accepting BTC for city taxes and fees and the feasibility of incorporating it into the city’s financial reserves. The […]
https://bitcoinist.com/vancouver-bitcoin-city-council-approves-motion/

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