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VANCOUVER BACKS OFF BITCOIN RESERVE PLAN
In 2024, the city council approved a study to explore holding Bitcoin as a hedge against inflation and even accepting crypto for taxes.
Now a new 2026 staff report recommends scrapping the idea entirely.
Why???
Vancouver’s charter only allows traditional assets like bonds and deposits in public reserves.
Reality check.
Even as Bitcoin adoption grows globally, government finance rules are still built for a pre-crypto world.