Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments

By CryptoNews - 2 years ago - Reading Time: 1 minutes

Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments

 
Brazil’s former capital city, Rio de Janeiro, might start holding crypto in its treasury, its Mayor has revealed.
According to the newspaper O Globo, Mayor Eduardo Paes made the announcement during an event also attended by another pro-crypto mayor, Miami’s Francis Suarez. The duo were speaking about the challenges involved in transforming metropolises into technological hubs....
Read More: Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments

Original source: CryptoNews