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Vancouver City Council has approved Mayor Ken Sim's motion to explore Bitcoin integration in the city's financial operations, including a potential Bitcoin strategic reserve. While six councilors supported the motion, concerns were raised about environmental impacts and the risk of money laundering. Sim emphasized Bitcoin's potential as an inflation hedge, promising a $10,000 donation in Bitcoin to the city.
Victoria Lemieux-brown
People
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Vancouver City Council Approves Motion for Bitcoin Integration in Finances
10:33 12.12.2024
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