Mayor of Vancouver: Evaluating the conversion of part of the city's financial reserves into Bitcoin

Odaily Planet Daily reports that Ken Sim, the Mayor of Vancouver, Canada, stated in a recent keynote speech that he will continue to promote Vancouver as a Bitcoin-friendly city. He is currently waiting for a report from city government staff to confirm the integration of digital currency into Vancouver's financial strategy and system. This includes but is not limited to accepting Bitcoin for tax payments and converting part of the city's fiscal reserves into Bitcoin to maintain purchasing power and guard against fluctuations, depreciation, and inflationary pressures of traditional currencies.