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The mayor of Vancouver proposes to include BTC in municipal finance and create a 'BTC-friendly city'.
ChainCatcher news, according to Bloomberg, Vancouver Mayor Ken Sim will submit a proposal to the city council on December 11th to include Bitcoin in the city’s financial reserves. The proposal aims to protect the city’s purchasing power through a diversified investment strategy and create a ‘Bitcoin-friendly city’. As an important cryptocurrency center on the west coast of Canada, Vancouver’s move may be influenced by the US elected President Trump’s support for cryptocurrency policy. The BCH party led by Ken Sim holds the majority of seats in the city council, making it likely that the proposal will be passed.