VANCOUVER, CANADA — February 4, 2026: A pioneering municipal proposal to create a Bitcoin reserve as an inflation hedge faces almost certain defeat after city staff delivered a definitive legal rejection. Vancouver’s Finance and Supply Chain Management Department, led by General Manager Colin Knight, concluded that holding Bitcoin violates the Vancouver Charter. Staff have formally […]
VANCOUVER, CANADA — December 10, 2026: Vancouver city staff have delivered a decisive blow to Mayor Ken Sim’s ambitious proposal to establish a municipal Bitcoin reserve, declaring the cryptocurrency incompatible with the Vancouver Charter just hours before a critical council vote. The recommendation, outlined in a motions update report dated Monday, December 9, represents a […]
VANCOUVER, March 4, 2026 — City administrators have delivered a decisive blow to Mayor Ken Sim’s ambitious proposal to establish a municipal Bitcoin reserve, declaring the cryptocurrency an impermissible investment under existing civic law. The recommendation, outlined in a formal staff report released Monday, urges the Vancouver City Council to abandon the 2024 initiative during […]
VANCOUVER, BC – In a decisive move on Tuesday, December 9, 2025, Vancouver city staff formally recommended council reject Mayor Ken Sim’s pioneering proposal to establish a municipal Bitcoin reserve. Officials concluded the cryptocurrency does not qualify as an allowable investment under the city’s governing Vancouver Charter, creating a significant legal hurdle just hours before […]
© Copyright 2026 [sc name="site-link"]
