Vancouver’s ambition to position itself as a Bitcoin-friendly city is facing a hurdle after city officials advised council to ...

Officials say the Vancouver Charter limits city reserves to government debt, bank instruments and other traditional assets.

Vancouver city staff said Bitcoin cannot be held in municipal reserves and recommended that the city council drop a proposal to create a Bitcoin reserve. City staff, led by Colin Knight, general ...

Vancouver city staff recommends scrapping a Bitcoin reserve motion after a legal review found crypto is barred under the Vancouver Charter.

Over a year after Vancouver explored becoming a “Bitcoin-friendly city,” staff say municipal law bars holding Bitcoin in city reserves.

Vancouver staff say Bitcoin cannot be held in city reserves under the Vancouver Charter and recommend council drop Mayor Ken Sim’s 2024 Bitcoin reserve proposal.