PANews reported on December 12 that according to Bloomberg, Vancouver, Canada has passed a policy that may introduce Bitcoin into its city finances-a policy that was partly influenced by the return of US President-elect Donald Trump. On Wednesday, the Vancouver City Council passed a motion to become a "Bitcoin-friendly city" and explore the application of Bitcoin in the municipal field.

“I’ve been wanting to do this for a while,” Vancouver Mayor Ken Sim said in a phone interview before Tuesday’s council vote. “But I don’t think the public is ready to have this discussion.” Sim said he decided to talk more openly about cryptocurrencies because “all of a sudden, with what’s happening in the U.S., a lot of other countries, provinces and states are saying they’re going to do something similar. And we want to get ahead of that.”

Since announcing the policy in late November, Sim has publicly stated that he is a strong believer in Bitcoin, calling it the "greatest invention in human history" and asserting that the value of traditional fiat currencies will "go to zero." He believes that Bitcoin's "potential" value is only a small fraction of its future value, although he stressed that he is not qualified to provide investment advice.