Vancouver City Hall with digital Bitcoin symbol representing the rejected municipal cryptocurrency reserve proposal.
AI News

Breaking: Vancouver Bitcoin Reserve Plan Blocked by City Officials Ahead of Vote

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 City Hall at dusk where officials are blocking the Bitcoin reserve proposal.
Blockchain News

Breaking: Vancouver Bitcoin Reserve Proposal Faces Legal Block from City Officials

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 […]