Swiss City Bern and Vancouver Take Steps to Boost Bitcoin Initiatives

You can also read this news on COINTURK NEWS: Swiss City Bern and Vancouver Take Steps to Boost Bitcoin Initiatives

Bern, the capital city of Switzerland, aims to enhance crypto innovation by proposing the use of excess energy for Bitcoin mining. At the same time, Vancouver, Canada, is taking steps to incorporate Bitcoin into its investment portfolio.

Bern’s Bitcoin Mining Initiative

The Grand Council of Bern has approved a proposal to utilize excess energy for Bitcoin mining, aiming to position the region as a leader in crypto innovation. Despite initial concerns regarding energy consumption, grid stability, and environmental impacts, the proposal continues to progress.

Vancouver Adds Bitcoin to Its Investment Portfolio

Vancouver, Canada, announced its plan to add Bitcoin to its investment portfolio with the goal of financial diversification and stability. Mayor Ken Sim stated that Bitcoin offers a unique opportunity to protect against value depreciation.

In Brazil, the legislature has introduced a bill aimed at creating a strategic Bitcoin reserve called RESBit. With this move, Brazil positions itself as the second country in Latin America to embrace cryptocurrency usage, following Argentina.

“The Canton of Bern requests a report on the potential of Bitcoin mining to stabilize our energy grid and utilize otherwise wasted energy.”

“Bitcoin offers a unique opportunity to protect against value depreciation.”

A feasibility study in Bern will assess the environmental, energy, and regulatory impacts of Bitcoin mining. This study will also consider the potential for more efficient use of the city’s energy resources.

In Vancouver, the inclusion of Bitcoin in the investment portfolio is seen as part of a strategy to diversify the city’s financial resources and enhance resilience against economic uncertainties. This move will contribute to Vancouver’s goals of becoming a crypto-friendly city.

Lastly, Brazil’s initiatives in the cryptocurrency domain serve as a significant example of how cryptocurrencies are being adopted in government-backed applications globally. The increase in crypto investments strengthens the place of such digital assets in economic strategies.

The post Swiss City Bern and Vancouver Take Steps to Boost Bitcoin Initiatives appeared first on COINTURK NEWS.