Vancouver city government employees recommend terminating the "Bitcoin Friendly City" motion due to regulations prohibiting Bitcoin from being used as a municipal reserve asset. The motion was proposed by Mayor Ken Sim and aimed to explore the possibility of accepting cryptocurrency for taxes and converting financial reserves into Bitcoin, but it is restricted by provincial laws.

According to a report by Jinse Finance and disclosed by Cointelegraph, a British man was ordered to repay over $5 million for his involvement in a Bitcoin scam using celebrity/brand accounts. Joseph James O’Connor must repay $5.4 million after hijacking the X accounts of people like Musk and Obama in 2020 through a SIM card swap attack.