The mayor of Rio de Janeiro, the financial heart of Brazil, has revealed he is planning on allocating 1% of the city’s treasury reserves to buy cryptocurrency, a move that would make Rio de Janeiro de first Brazilian city to buy BTC and potentially other cryptoassets. According to a report published by local news outlet […]

The mayor of Rio de Janeiro considers investing 1% of the city’s treasury in Bitcoin as we are reading more in today’s Bitcoin latest news. Eduardo Paes, the mayor of Rio De Janeiro aims to allocate 1% of the city’s Treasury in BTC and If he proceeds, the city will become the first in Brazil […]

The mayor of Rio de Janeiro, Eduardo Paes, announced that the Brazilian city would be investing 1% of its Treasury in crypto.

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Rio De Janeiro, Brazil’s iconic city is to allocate 1% of its treasury reserves towards buying bitcoin. Eduardo Paes, its Mayor, said at the Rio Innovation Week that Rio De...

The city may also offer an additional discount if property taxes are paid in bitcoin.

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