Six councilors supported the motion, while two opposed it over concerns about the potential use of digital assets in illicit activities and the environmental impacts of mining.
The Vancouver City Council greenlit a motion to explore integrating Bitcoin into its financial operations, including a possible Bitcoin reserve and payments option.
Mayor Ken Sim introduced the motion to become a “Bitcoin-friendly city” before the Dec. 11 meeting, suggesting it could be a way to safeguard against inflation and currency devaluation.
Six councilors supported the motion, two were in opposition and three were absent.
