The post Vancouver’s Mayor Shares His Pro-Bitcoin Vision appeared on BitcoinEthereumNews.com.

Vancouver’s Mayor, Ken Sim, is a genuine Bitcoin enthusiast who’s doing his part to get Vancouver’s city council as well as its citizens to see what he sees when it comes to Bitcoin. And his efforts are starting to bear fruit. On December 11, 2024, the Vancouver City Council greenlit a motion Mayor Sim prepared to start making Vancouver a more Bitcoin-friendly city. The motion directs city staff to explore the ideas of Vancouver establishing a strategic bitcoin reserve as well as accepting taxes and city fees in bitcoin. In my conversation with Mayor Sim, we discussed the passing of this motion as well as some of his deeper philosophical thoughts about Bitcoin. We also touched on what Bitcoin adoption in Vancouver would look like in a perfect world, his own journey down the proverbial Bitcoin rabbit hole and why Bitcoin can bring financial hope to the citizens of Vancouver at a point in time when many are struggling to make ends meet. The Vancouver City Council recently passed your motion to make Vancouver a more Bitcoin-friendly city. On a personal level, though, if you could wave a magic wand and enable whatever level of Bitcoin adoption you see fit in Vancouver, what would that look like? I’ve got to give you a caveat here. These are my own personal views. We have a pretty incredible team at the City of Vancouver, and they’ve been tasked to explore. So, it’s not as if I can really influence the team and tell them “You have to do this and that.” In a perfect world, the first thing we would do is add to a strategic reserve. The second thing would be allowing people to transact with bitcoin without triggering capital gains tax events and to accept payments in the form of…

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Filed under: News - @ December 19, 2024 4:27 pm