Over a year after Vancouver explored becoming a “Bitcoin-friendly city,” staff say municipal law bars holding Bitcoin in city reserves.

Vancouver moves to abandon a proposed Bitcoin reserve after review finds rules that prevent the city from investing public funds in crypto.

Vancouver city staff recommends scrapping a Bitcoin reserve motion after a legal review found crypto is barred under the Vancouver Charter.

Vancouver staff reject Bitcoin reserve plan, saying city law does not allow it and warning about risks to public funds.

Vancouver city staff are taking stock of what council motions they should work on for the rest of the year — and one of the ...