{"id":33520,"date":"2024-12-12T23:00:31","date_gmt":"2024-12-12T20:00:31","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=33520"},"modified":"2024-12-12T18:14:26","modified_gmt":"2024-12-12T15:14:26","slug":"vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/","title":{"rendered":"Vancouver, a Bitcoin-Friendly City? The City Council Has Approved It"},"content":{"rendered":"<p>The City Council of <strong>Vancouver<\/strong>, <strong>Canada<\/strong>, has approved the proposal to integrate <a href=\"https:\/\/coinengineer.net\/blog\/jpmorgans-commentary-on-bitcoin-mining-stocks\/\"><strong>Bitcoin<\/strong> <\/a>(BTC) into the city\u2019s financial system. The possibility of Vancouver becoming a Bitcoin-friendly city is currently in the exploration phase.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/#Will_Vancouver_Become_a_Bitcoin-Friendly_City\" title=\"Will Vancouver Become a Bitcoin-Friendly City?\">Will Vancouver Become a Bitcoin-Friendly City?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/#Greenlight_to_the_Mayors_Proposal_to_Integrate_Bitcoin\" title=\"Greenlight to the Mayor\u2019s Proposal to Integrate Bitcoin\">Greenlight to the Mayor\u2019s Proposal to Integrate Bitcoin<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Will_Vancouver_Become_a_Bitcoin-Friendly_City\"><\/span>Will Vancouver Become a Bitcoin-Friendly City?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In practice, the <strong>Canadian<\/strong> city must now explore how it will succeed in its effort to become a<strong> Bitcoin-friendly<\/strong> city.<\/p>\n<p>The approval came just two weeks after <strong>Mayor Ken Sim<\/strong> presented his motion, which primarily proposed purchasing <strong>Bitcoin<\/strong> to hold as a reserve.<\/p>\n<p><a href=\"https:\/\/x.com\/VanCityClerk\/status\/1866988118496383021\"><strong>Related tweet:<\/strong><\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-33521 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/12\/vancouverbtcc.png\" alt=\"vancouverbtcc\" width=\"581\" height=\"200\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/12\/vancouverbtcc.png 581w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/12\/vancouverbtcc-300x103.png 300w\" sizes=\"auto, (max-width: 581px) 100vw, 581px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Greenlight_to_the_Mayors_Proposal_to_Integrate_Bitcoin\"><\/span>Greenlight to the Mayor\u2019s Proposal to Integrate Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On November 26, <strong>Ken Sim<\/strong>, the mayor of <strong>Vancouver<\/strong>, <strong>Canada<\/strong>, presented a proposal titled &#8220;Preserving the purchasing power of the city through the diversification of financial resources, becoming a Bitcoin-friendly city.&#8221;<\/p>\n<p>In general, the proposal suggests integrating <strong>Bitcoin<\/strong> into the city&#8217;s financial strategies. Among the key points are accepting taxes and fees in <strong>BTC<\/strong> and converting a portion of the city&#8217;s financial reserves into <strong>BTC<\/strong>.<\/p>\n<p>Specifically, holding a portion of the financial reserves in <strong>Bitcoin<\/strong> aims to help preserve the city&#8217;s purchasing power against the volatility, devaluation, and inflationary pressures of traditional currencies.<\/p>\n<p><strong>The text of the proposal is also outlined as follows:<\/strong><\/p>\n<blockquote><p>\u201cDiversifying the financial reserves and payment options of the City of Vancouver to include Bitcoin would not only increase the resilience of the city\u2019s financial portfolio but ultimately benefit the taxpayers\u201d<\/p>\n<hr \/>\n<\/blockquote>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<span style=\"color: #ffcc00;\"><a style=\"color: #ffcc00;\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Telegram,\u00a0<\/strong><\/a><a style=\"color: #ffcc00;\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>YouTube<\/strong><\/a>,<\/span>\u00a0and\u00a0<span style=\"color: #ffcc00;\"><a style=\"color: #ffcc00;\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0<\/span>channels for the latest\u00a0<span style=\"color: #ffcc00;\"><strong><a style=\"color: #ffcc00;\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0<\/strong><\/span>and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The City Council of Vancouver, Canada, has approved the proposal to integrate Bitcoin (BTC) into the city\u2019s financial system. The possibility of Vancouver becoming a Bitcoin-friendly city is currently in the exploration phase. Will Vancouver Become a Bitcoin-Friendly City? In practice, the Canadian city must now explore how it will succeed in its effort to<\/p>\n","protected":false},"author":29,"featured_media":33524,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,1,2],"tags":[61,10059,1945,10061,10062,10060],"class_list":["post-33520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-genel","category-news","tag-bitcoin","tag-bitcoin-friendly","tag-canada","tag-canadian","tag-mayor-ken-sim","tag-vancouver"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vancouver, a Bitcoin-Friendly City? The City Council Has Approved It - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vancouver, a Bitcoin-Friendly City? The City Council Has Approved It - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"The City Council of Vancouver, Canada, has approved the proposal to integrate Bitcoin (BTC) into the city\u2019s financial system. The possibility of Vancouver becoming a Bitcoin-friendly city is currently in the exploration phase. Will Vancouver Become a Bitcoin-Friendly City? In practice, the Canadian city must now explore how it will succeed in its effort to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-12T20:00:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-12T15:14:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/12\/kensim_ce-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Emre Yumlu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emre Yumlu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/\",\"name\":\"Vancouver, a Bitcoin-Friendly City? The City Council Has Approved It - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/12\/kensim_ce.png\",\"datePublished\":\"2024-12-12T20:00:31+00:00\",\"dateModified\":\"2024-12-12T15:14:26+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/12\/kensim_ce.png\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/12\/kensim_ce.png\",\"width\":1920,\"height\":1080,\"caption\":\"kensim\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Vancouver, a Bitcoin-Friendly City? The City Council Has Approved It\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c\",\"name\":\"Emre Yumlu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g\",\"caption\":\"Emre Yumlu\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/ceemre\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Vancouver, a Bitcoin-Friendly City? The City Council Has Approved It - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/","og_locale":"en_US","og_type":"article","og_title":"Vancouver, a Bitcoin-Friendly City? The City Council Has Approved It - Coin Engineer","og_description":"The City Council of Vancouver, Canada, has approved the proposal to integrate Bitcoin (BTC) into the city\u2019s financial system. The possibility of Vancouver becoming a Bitcoin-friendly city is currently in the exploration phase. Will Vancouver Become a Bitcoin-Friendly City? In practice, the Canadian city must now explore how it will succeed in its effort to","og_url":"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/","og_site_name":"Coin Engineer","article_published_time":"2024-12-12T20:00:31+00:00","article_modified_time":"2024-12-12T15:14:26+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/12\/kensim_ce-1024x576.png","type":"image\/png"}],"author":"Emre Yumlu","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emre Yumlu","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/","url":"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/","name":"Vancouver, a Bitcoin-Friendly City? The City Council Has Approved It - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/12\/kensim_ce.png","datePublished":"2024-12-12T20:00:31+00:00","dateModified":"2024-12-12T15:14:26+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/12\/kensim_ce.png","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/12\/kensim_ce.png","width":1920,"height":1080,"caption":"kensim"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/vancouver-a-bitcoin-friendly-city-the-city-council-has-approved-it\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Vancouver, a Bitcoin-Friendly City? The City Council Has Approved It"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c","name":"Emre Yumlu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g","caption":"Emre Yumlu"},"url":"https:\/\/coinengineer.net\/blog\/author\/ceemre\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/33520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=33520"}],"version-history":[{"count":4,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/33520\/revisions"}],"predecessor-version":[{"id":33528,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/33520\/revisions\/33528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/33524"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=33520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=33520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=33520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}