Vancouver city staff have recommended abandoning a proposal to hold Bitcoin in municipal reserves, citing legal constraints under the Vancouver Charter. The review, led by Colin Knight, general manager for the Finance and Supply Chain Management Department, concluded that Bitcoin does not qualify as an allowable municipal investment. This recommendation challenges the city's previous exploration of Bitcoin reserves and suggests consolidating related efforts to focus on legally permissible matters. The proposal, initially introduced by Mayor Ken Sim in late 2024, aimed to diversify reserves and enhance financial resilience through Bitcoin adoption. However, the recent review has shifted the debate from strategic benefits to legal compliance, potentially halting the plan before implementation. The final decision now rests with the city council, which will consider the staff's findings at an upcoming meeting.