Mar 06, 2026
Vancouver City Staff Moves to Kill Bitcoin Reserve Plan Over Legal Barriers
BitcoinBitcoin investmentBitcoin ReserveBritish Columbia crypto lawcryptocurrency regulationMayor Ken Simmunicipal crypto banVancouver CharterVancouver city council
TLDR: Vancouver city staff found Bitcoin is not an allowable investment asset under the Vancouver Charter. Mayor Ken Sim’s November 2024 motion sought to protect city reserves from inflation using Bitcoin funds. British Columbia’s Ministry of Municipal Affairs cited undue risk in barring local governments from holding crypto. Bitcoin dropped nearly 50% from its all-time [...]
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