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