Bitcoin’s friendliness in terms of the low transaction fees paid to use its network continues because it hit a monthly low. (Read More)

Another major metropolis is jumping headfirst into the world of crypto by investing in the digital space and proposing discounts for citizens paying taxes in Bitcoin (BTC). Rio de Janeiro, the South American city of almost 7 million people, now plans to invest 1% of its treasury funds into crypto. According to Brazilian newspaper O […]

The post Major City Investing One-Percent of Its Treasury in Crypto, Mulling Possible Bitcoin Tax Discount appeared first on The Daily Hodl.

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.

Rio de Janeiro is about to become a crypto hub and the first Brazilian city to buy Bitcoin as a store of value, according to its mayor Eduardo Paes, who made the announcement at the Rio Innovation Week, O Globo reported.  Paes participated on the first day of the largest innovation and technology meeting in […]

The post Rio de Janeiro mayor to allocate 1% of the city treasury to Bitcoin appeared first on CryptoSlate.

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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 Mayor of Rio de Janeiro – Eduardo Paes – has announced the city will buy Bitcoin as a store of value.

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

The post Rio de Janeiro mayor plans to invest 1% of the city’s treasury in crypto appeared first on The Block.

Eduardo Paes – the Mayor of Rio de Janeiro – is looking to allocate 1% of the city’s Treasury in bitcoin. If he proceeds, the megapolis will become the first Brazilian city to purchase the primary cryptocurrency bitcoin as a store of value. Mayor Eduardo Paes presented his plans at Rio Innovation Week as he discussed the […]

Following in the footsteps of Miami, Brazilian city Rio de Janeiro plans to enter the crypto space by having 1% of its reserves in Bitcoin. (Read More)