Vancouver City Staff Reject Bitcoin for Municipal Reserves Ahead of March 10 Vote

On March 2, 2026, Vancouver city staff issued a report concluding that Bitcoin does not meet legal requirements for municipal reserve investments under the Vancouver Charter and related provincial legislation. The report recommends that city council formally drop the 2024 proposal to hold Bitcoin in reserves at its March 10 meeting, citing asset classification limits, risk protections for public funds, and recent price volatility from a peak above $126,000 to around $70,500. Officials noted the city could still, in principle, accept Bitcoin for tax payments if it is converted immediately to Canadian dollars, keeping it outside reserve rules.