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Canada is exploring the possibility of creating a bitcoin reserve

The Vancouver City Council is considering a proposal to introduce bitcoin into the financial system of the city, and in the future the country.

🤑 According to the authorities, bitcoin will help preserve the city's purchasing power by diversifying financial resources.

They are also considering the possibility of paying taxes and fees in bitcoin, as well as converting part of the city's reserves into it.

🗣The final decision will be made by the end of the first quarter of 2025.

A week earlier, Brazil's presidential candidate also proposed the creation of a national bitcoin reserve.

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