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Vancouver eyes integrating $BTC into its city reserves, joining global trend of public institutions exploring crypto. 🌎 Read More👇 https://lnkd.in/eKdSG5tH

Vancouver Mayor Ken Sim has proposed adding Bitcoin (BTC) to the city’s financial reserves to safeguard purchasing power and diversify resources. The proposal, to be discussed on Dec. 11, highlights Bitcoin’s decentralized, finite nature as a hedge against inflation and economic instability. Mayor Sim emphasized Bitcoin's potential to protect value and benefit taxpayers, marking a strategic shift toward financial innovation. Bitcoin advocate Jeff Booth praised the initiative, likening Bitcoin to digital gold and a stabilizer of long-term value. This aligns with a global trend of governments exploring Bitcoin as a strategic asset, including the U.S., where a federal Strategic Bitcoin Reserve is rumored under President-elect Donald Trump. States like Pennsylvania and Texas are also considering Bitcoin reserves, reflecting Bitcoin's growing role in economic resilience. The motion positions Vancouver as a potential leader in digital asset adoption amid increasing global interest in Bitcoin as more than just a speculative asset.

Bitcoin’s original aim of being a form of payment is one step closer to realization. On April 9, Senator Kirsten Gillibrand (D-N.Y.) announced she expects to introduce new stablecoin legislation later this week or next week with Senator Cynthia Lummis (R-Wyo.).  A stablecoin is a type of cryptocurrency designed to maintain a stable value relative to a target price or asset, such as fiat currency. Stablecoins reduce the volatility associated with traditional cryptocurrencies like Bitcoin, providing a stable unit of account for business transactions, enabling easier access to blockchain-based financial services without exposure to price fluctuations. The legislation proposes two paths for stablecoin issuers. The first path would be for depository institutions (banks) that would allow institutions to become stablecoin issuers after an approval process. The other path would be for non-depository institutions that would give the federal government supervisory authority over the state nonbank institutions while preserving states as the primary functional regulator. Gillibrand said, “We’re making sure that state and federal regulators have the oversight authority to weed out bad actors while still promoting growth and innovation. And we’re requiring that all issuers make sure that the reserves are back to one-to-one.” - Don't miss out on the latest Web3 trends shaping the future of business. Sign up for our D2 newsletter today and stay informed: https://lnkd.in/gyPEeZkt  - Read the full article here:  https://lnkd.in/eHNnpnVj #bitcoin #stabelcoin #cryptonews #web3news  Bitcoin Inc.

In the Unites States, the SEC takes the position that most cryptocurrencies are securities. In the recent win for XRP, a judge determined it was not a security. Crypto requires regulation and these companies are begging for it. Aligning to current regulations is like trying to fit a square peg into a round whole, making regulations on these assets extremely difficult and they stand in unknown territory. All while ETH and BTC have received special treatment as the SEC took the stance that these are not securities. This is very confusing, there is no clarity here, outside of ETH and BTC, it is still difficult to differentiate on how these assets are to be treated. In Canada, Crypto is considered a commodity, any income from crypto transactions are treated as business income or a capital gain, if a loss is incurred, it is treated as a business or capital loss. Around the world classifications and regulations differ. Streamlining this process and creating the regulatory transparency and clarity will help pave the way for increased investor and institutional adoption.

Vancouver's mayor, Ken Sim, is showing true leadership by advancing a motion through City Council to hold Bitcoin in city reserves. Despite City Council's approval, British Columbia's ministry of municipal affairs has said city governments, "aren't able to hold financial reserves in cryptocurrency ... The intent of the legislation is that local government funds are not exposed to undue risk." But Sim's not backing down -- "It's going to take a lot of work, but we don't shy away from these things; we keep driving forward... As a municipality, we have a fiduciary responsibility to match our revenues with our expenses so we can run the city. No one's denying that. What I would say is we live in a different world. Technology is moving at the speed of light. We have digital currency. I'm highly confident that this is going to be ubiquitous across the planet in the next five years." More and more leaders across the globe are acknowledging the fall of fiat currency. And I applaud the courage it takes to say, I understand the volatility, but the reward is worth the risk. https://lnkd.in/eXchCtUX #vancouver #cryptocurrency #bitcoin

🚨 Crypto News: Vancouver's Mayor Ken Sim is doubling down on a bold move to make his city a Bitcoin haven! He’s proposed a motion to establish a Bitcoin reserve as part of Vancouver’s financial strategy, aiming to diversify resources and hedge against economic uncertainty. The official pitch hits the floor on December 11. This isn’t just a one-off. Vancouver already boasts the highest number of BTC-friendly merchants per capita and the largest Bitcoin meetups in North America. If the motion passes, the city could set a precedent for other regions flirting with the idea of digital reserves. Governments worldwide are joining the hype train. From El Salvador making $BTC legal tender to Pennsylvania’s recent bill on allocating 10% of state funds to Bitcoin, it’s clear crypto is no longer just for retail investors. Even heavyweights like Senator Cynthia Lummis are lobbying for a federal BTC reserve in the US. Stacking sats at a city level? If Vancouver pulls this off, it’ll be a monumental step toward mainstream Bitcoin adoption. Could your city be next? #BitcoinCities #CryptoAdoption #FutureOfFinance

Vancouver City Council Votes to Explore Bitcoin Integration Amid Regulatory Hurdles #cryptonews - In 2013, the first Bitcoin ATM was established in downtown Vancouver. Today, the city is looking into ways to incorporate Bitcoin into its financial system, despite potential regulatory challenges. The… https://lnkd.in/dJBgpfff

Dear SaarLorLux, We take the train every morning to come to work. We stroll through the halls of Luxembourg gare picking up a copy of L'essentiel as we pass by and board the tram to Kirchberg or Cloche d'Or. As the stations slide by, we browse the newspaper idly.  Last Friday, an article caught our eye: the well regarded American investment firm VanEck allegedly said that Bitcoin might be end in a shipwreck. Bummer! We actually had hope that Bitcoin would have been our ticket out of the "ratrace"! So back home, we scoured the website of VanEck, and ... we found a wholly different picture. Not only do they have an investment rationale that argues in favor of investing in Bitcoin, but they also offer financial products allowing US citizens to benefit from their financial analysis. Already in 2021, VanEck developed an investment rationale article, named "Why invest in Bitcoin?". Among their main arguments supporting their conviction in Bitcoin price appreciation, we find: - Limited Supply: Bitcoin's 21 million coin cap creates scarcity, much like gold. - Decentralized Collateral: Bitcoin is seen as “pristine collateral” for the evolving digital financial system. - Institutional Interest: Major institutions are adopting Bitcoin as a hedge against inflation and currency debasement. - Non-Correlation: It offers portfolio diversification. What do you think? Sinking ship or digital gold? The Luxembourg House of Web3 Wesley Deglise Anthony Mansour, CIA Umberto Benti Wilson Filipe De Sousa Gomes Daniel R. Harry Lars Ghillemyn Tomas Marty

Fantastic article written by Matt Golliher, titled "Financial Advisors: It’s Time to Study Bitcoin" There are many great points in his article, but I'll highlight just one of them here: In 1911, French General, Marshal Ferdinand Foch, declared that airplanes were “Interesting toys, but of no military value.” This was clearly an incorrect view. In fact, it was proven incorrect just a few years later. But what's noteworthy here is that this was not settled in some sort of intellectual debate amongst military generals. It was settled in reality. Bitcoin has a similar potential to affect the existing monetary system and investing landscape. There are plenty of places to hear intellectual discussions and debates about Bitcoin. And I'm a huge fan of those! But ultimately, the success of Bitcoin will be demonstrated in reality. In other words, harder/scarcer monies out-compete weaker/inflatable monies. Bitcoin's top performance in 7 out of the past 10 calendar years is evidence of this playing out. If you'd like to have a chat with me about markets and how Bitcoin fits into the current market environment & your investment portfolio, please use this link to book a call: https://lnkd.in/eZ796BGS #bitcoin #investing #money #innovation ARTICLE LINK: https://lnkd.in/esg-gPri

"UK regulator the Financial Conduct Authority (FCA) has released new research revealing that 12% of UK adults now own crypto, up from 10% in previous findings. According to the nationally representative study of 2,199 UK adults, the figure extrapolates to 7 million UK crypto holders, up from 5 million in 2022." #cryptonews #cryptoadoption #UK #FCA https://lnkd.in/e5mgq9X2