ChainCatcher news, according to Bloomberg, the Vancouver City Council in Canada has passed a resolution to become a "Bitcoin-friendly city," exploring the application of Bitcoin in municipal finance. Vancouver Mayor Ken Sim stated in an interview before the council vote that while this idea has been brewing for a long time, the public was not ready until now.Now, influenced by changes in the U.S. political landscape, several countries and regions are beginning to pay attention to cryptocurrency policies, and Vancouver hopes to seize the opportunity in this trend. Since proposing the policy at the end of November, Sim has repeatedly expressed his firm belief in Bitcoin. He not only praised Bitcoin as "the greatest invention in human history," but also predicted that the value of traditional fiat currencies will ultimately "go to zero."Although he emphasized that he is not qualified to provide investment advice, Sim believes that the "potential" value currently shown by Bitcoin is only a small part of its future value.

ChainCatcher news, according to Financial News, due to the influence of the political situation in South Korea, the discussions on the repeal of the financial investment tax and the postponement of the virtual asset tax in the Planning and Finance Committee have been delayed, with uncertain prospects for processing.Although these bills have attracted significant attention from investors and have reached a consensus amid some opposition, the current political situation has hindered their advancement. Financial regulatory authorities have stated that they will continue to promote the relevant bills to minimize the impact of politics on the economy. If the relevant bills cannot be passed in time, the financial investment tax and the virtual asset tax will officially take effect as scheduled on January 1, 2025.

ChainCatcher news, according to Jinshi reports, on the 8th local time, South Korea's largest opposition party, the Democratic Party of Korea, stated that on the morning of the 9th, it will initiate special prosecution bills regarding the domestic turmoil in South Korea and the judicial cases involving First Lady Kim Keon-hee.

ChainCatcher news, the governor of the Bank of Korea stated that a transition period may occur in the coming months, making it difficult to assess the direction of the political situation. He does not believe that turmoil will force the central bank to cut interest rates further.