Here’s all the Bitcoin adoption news this week:
- Vancouver Mayor Ken Sim has introduced a motion to make Bitcoin a reserve asset for the city.
- A Strategic Bitcoin Reserve bill has just been introduced in Brazil. The proposal is for the creation of a Strategic National Reserve of Bitcoin (RESBit). With a phased plan to purchase up to 5% of the international sovereign reserves in Bitcoin, which is equivalent to roughly USD $19 billion.
- Russian President Vladimir Putin has signed a law officially recognizing digital assets, such as Bitcoin, as property for foreign trade settlements.
- Tatiana Koffman of Moonwalker Capital: “If you don’t have at least 10% of your investment account in Bitcoin or Bitcoin-related assets, you will be falling significantly behind.”
- The first UK pension fund has invested in Bitcoin according to the pension specialists Cartwright with the scheme reportedly allocating 3% of its assets to Bitcoin
- According to PANews, Japanese publicly traded company Remixpoint has announced a new acquisition of Bitcoin valued at 500 million yen. This purchase increases the company’s total investment to around 3.5 billion yen or about 22.92 million USD.
