On April 12, Vancouver Mayor Ken Sim stated that he will continue to promote Vancouver as a Bitcoin-friendly city. He is currently awaiting a report from city government staff that will confirm the integration of digital currencies into Vancouver's financial strategy and system, including but not limited to accepting BTC for tax payments and converting part of the city's financial reserves into BTC to maintain purchasing power and protect against the volatility, devaluation, and inflationary pressure of traditional currencies.