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Tom tat nhanh
- Vancouver Mayor Ken Sim’s plan to invest city reserves in bitcoin BTC$70,516.97 is not permitted under the Vancouver Charter and British Columbia’s Municipal Finance Authority Act, a staff report says.
- The briefing released ahead of a March council meeting recommends closing a 2024 motion to make Vancouver a “bitcoin-friendly city,” after staff determined the plan violates municipal investment rules embedded in the city's charger.
- Staff wrote they “conclusively determined that under the Vancouver Charter, bitcoin is not an allowable investment asset for the City.” The conclusion reflects the highly restrictive framework governing how Canadian municipalities can invest public funds.
- Section 201 of the Vancouver Charter allows the city to invest idle funds only in a narrow set of instruments, such as federal or provincial government securities, government-guaranteed bonds, municipal debt, bank-guaranteed investments, credit union deposits and certain pooled investment vehicles.
- British Columbia’s Municipal Finance Authority Act reinforces the restriction.
- Municipal investment pools are limited to conservative assets such as government bonds, municipal securities, bank deposits and highly rated commercial paper.
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Nguon tham khao: https://www.coindesk.com/markets/2026/03/06/vancouver-mayor-s-bitcoin-investment-proposal-blocked-by-city-provincial-law