Man, I saw that the mayor of Vancouver tried to propose an investment in Bitcoin, but it was blocked by municipal and provincial laws. Like, in British Columbia, the regulations are pretty strict. It’s not easy to get around when you have limitations from both the city hall and the provincial government.

I found it interesting because it shows how complicated it is for public authorities to mess with crypto, even with good intentions. British Columbia has very specific rules about digital assets and municipal investments, and it seems the proposal ran straight into that.

The guy probably saw an opportunity, but didn’t count on the local bureaucracy. It’s always like that when they try to innovate in this space – legislation ends up being the biggest obstacle. Do you think eventually the cities will be able to loosen these rules in British Columbia, or will it stay complicated?