#vancouver2 articles

2 articles

CryptoBearishThe Block · 2h ago5/10

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Bitcoin not an ‘allowable asset’: Vancouver city staff asks council to drop BTC reserve motion

Vancouver city staff has determined that Bitcoin is not legally permissible as a municipal investment asset under local regulations. This conclusion effectively asks the city council to reject any proposed motion to establish Bitcoin reserves for the municipality.

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CryptoBearishDecrypt – AI · 4h ago5/10

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Vancouver Moves to Close Bitcoin Reserve Proposal After Legal Review

Vancouver is closing its Bitcoin reserve proposal after more than a year of consideration, with city staff concluding that municipal law prohibits holding Bitcoin in city reserves. The decision ends the city's exploration of becoming a 'Bitcoin-friendly city.'

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