Vancouver eyes Bitcoin reserves: Why are governments turning to BTC? – BitRss

• Vancouver explores integrating Bitcoin into financial reserves, aligning with growing global adoption trends.
• U.S. lawmakers pushed for Bitcoin as a reserve asset, reflecting increasing institutional confidence.

Vancouver is stepping into the Bitcoin [BTC] spotlight, with discussions underway to potentially integrate the cryptocurrency into the city’s financial reserves.

Mayor Ken Sim announced plans to introduce a Bitcoin-focused proposal during a city council meeting on the 11th of December. This was aimed at evaluating BTC’s potential as a safeguard against economic instability.

The initiative aligns with Sim’s broader vision of positioning Vancouver as a Bitcoin-friendly city.

Notably, his political group, “A Better City”, had already drawn attention in April 2022 by embracing cryptocurrency donations, signaling a growing interest in digital assets within the city’s leadership.

Vancouver’s Bitcoin reserve initiative

Remarking on the same, Canadian crypto entrepreneur