The city council of Vancouver, Canada, has passed a motion to make the city a "Bitcoin friendly city." The motion directs the city to create a Bitcoin reserve and explore accepting the cryptocurrency for payment of taxes and city fees. The mayor of Vancouver, Ken Sim, had previously announced plans to add Bitcoin to the city's balance sheet to diversify its investment portfolio. The city staff will report on the feasibility of the strategy by the end of the first quarter of 2025. The move is seen as a step towards fulfilling Donald Trump's promise to establish strategic Bitcoin reserves in various countries.



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