Vancouver City Council takes steps to become a Bitcoin-friendly city

 

 

Vancouver City Council is taking steps to make the municipality a "Bitcoin-friendly city." The city council has passed a resolution to this effect. The goal is not to immediately allow cryptocurrency transactions. Instead, it is currently examining its potential.

The resolution was approved on Wednesday. Mayor Ken Sim introduced the project as a resolution. Two Green councilors opposed the project. However, many others were ready to speak in favor of the resolution. Mayor Ken Sim said that Bitcoin has performed best as an investment in the last 16 years. Therefore, it is not right to not think about the potential of Bitcoin. Transactions in Bitcoin will be accepted soon. Therefore, Ken Sim clarified that we should think about whether we should lead in this area or follow others.