Tax & Spend

Vancouver Mayor Proposes Using Bitcoin in City Finances

Ken Sim bringing motion to make Vancouver ‘Bitcoin friendly’
West coast Canadian city has been crypto hub for years

Ken Sim Photographer: Ramsey Cardy/Sportsfile/Getty Images

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By Thomas Seal

December 6, 2024 at 12:57 AM UTC

Updated on

December 7, 2024 at 12:01 AM UTC

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Vancouver may try to integrate Bitcoin into city finances just as the digital token’s value is surging, a rally fueled by US President-elect Donald Trump’s support for crypto.

City council will consider a motion on Dec. 11 from Mayor Ken Sim titled “Preserving of the city’s purchasing power through diversification of financial reserves – becoming a Bitcoin friendly city.” Sim’s ABC Vancouver party has a majority of the 11 votes on council.