Vancouver Mayor Ken Sim's proposal to include Bitcoin in the city's reserve assets was blocked because Vancouver's charter and British Columbia law prohibit local governments from investing reserve funds in cryptocurrencies. As a result, the proposal could not move forward. However, Vancouver may still accept BTC for paying taxes or fees in the future, provided it is immediately converted to Canadian dollars upon receipt. (CoinDesk)

BTC-4.32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin