• bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds
  • INVESTMENTS
    • Crypto General
    • Masternodes
    • Mining Projects
    • NFTS Investments
    • Invest In ICO
    • Exchanges
    • Staking Yeild Farming
  • WORLD
  • USA
  • CANADA
  • JAPAN
  • UK
  • UAE
  • INDIA
  • MORE
    • BRAZIL
    • AUSTRALIA
    • EL SALVADOR
    • CENTRAL AMERCIA
    • SOUTH AMERICA
    • AFRICA
    • EUROPE
    • ASIA
    • OCEANIA
    • ICO
  • Login
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE
HealthNews
No Result
View All Result
Home STAKING & YEILD FARMING

Rio de Janeiro mayor to allocate 1% of the city treasury to Bitcoin

CB4U by CB4U
January 14, 2022
in STAKING & YEILD FARMING
0
Rio de Janeiro mayor to allocate 1% of the city treasury to Bitcoin
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

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 Latin America along with Miami Mayor Francis Suarez–declared Bitcoiner, who made his municipality one of the first cities in the world that launched its own cryptocurrency–the MiamiCoin.

Crypto Rio

“We will launch Crypto Rio and invest 1% of the Treasury in Bitcoin,” said Paes, as it still remains to be seen how many coins the city will be able to purchase in the market when it acts.

A decree establishing a working group to deal with the issues of buying Bitcoin for Rio de Janeiro’s reserve is underway, assured Paes, who is eager to position his city ahead of major metropolises when it comes to harnessing innovation.

“Today’s world revolves much more around a network of cities, the so-called global cities. Miami and Rio are global cities, attracting people, functions, and organizations. This international dialogue is very important,” said Paes, as he revealed his ambition for Rio to become the tech capital of South America. 

10% discount on taxes when paid in Bitcoin

Rio’s mayor also revealed an interesting incentive for those who adopt Bitcoin for payments.

According to Paes, the city administration is looking forward to providing a 10% discount on taxes when paid in Bitcoin.

However, several details of his plan still remain to be revealed, such as who will take custody of Bitcoin purchased by the city, as well as the coins received by tax payments.

In addition, it’s still undisclosed if Rio will seek help for processing Bitcoin payments from a specific service provider.

Finally, Paes also didn’t mention whether he intends to follow Suarez’s footsteps to create Rio’s own cryptocurrency in the future.

CryptoSlate Newsletter

Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.

Get an edge on the cryptoasset market

Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits

Advertisement Banner
Previous Post

Cloudy With A Chance Of Reversal

Next Post

Binance Backs WOO Network With A $12 Million Strategic Investment

CB4U

CB4U

Next Post
Binance Backs WOO Network With A $12 Million Strategic Investment

Binance Backs WOO Network With A $12 Million Strategic Investment

Discussion about this post

RECOMMENDED

Elon Musk Guesses Recession Will Last Until 2024

Elon Musk Guesses Recession Will Last Until 2024

7 months ago
Complete the KYC & Get a Chance to Win 1 Lakh Rupees

Complete the KYC & Get a Chance to Win 1 Lakh Rupees

1 year ago

DON'T MISS

Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

May 31, 2023
SEC Prioritizes Scrutiny of Crypto and Emerging Tech in 2023

Ex-Coinbase Manager Agrees to Settle SEC Insider Trading Charges

May 31, 2023
Binance delists privacy coins for European users amid layoff rumors

Binance delists privacy coins for European users amid layoff rumors

May 31, 2023
This Crypto Pioneer Endorses Ethereum As Front-Runner For Global Crypto Adoption

This Crypto Pioneer Endorses Ethereum As Front-Runner For Global Crypto Adoption

May 31, 2023
Crypto Currency Bazaar 4u: Today’s Latest Worldwide News on Cryptocurrency Market delivered to the last minute, Live Crypto Price Data and Indexes, Crypto Investment & Finance opportunities & Blockchain projects, Global Crypto Classifieds

The Cryptocurrency Bazaar 4U was founded in 2020 for providing the most trusted information for the Crypto enthusiasts covering a broad range of news about blockchain technology, cryptocurrency assets, emerging fintech trends in the decentralized space, and other related wide array of information surrounding this emerging technology.Our team provides the most up-to-date and accurate news from different sources in this space comprising of unbiased news, in-depth analytics, detailed cryptocurrency price charts, and insightful opinion pieces is the basis of our editorial content.

POPULAR POSTS

Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

Bumper’s Breakthrough DeFi Protocol Set to Reshape Options Pricing

May 31, 2023
SEC Prioritizes Scrutiny of Crypto and Emerging Tech in 2023

Ex-Coinbase Manager Agrees to Settle SEC Insider Trading Charges

May 31, 2023
Binance delists privacy coins for European users amid layoff rumors

Binance delists privacy coins for European users amid layoff rumors

May 31, 2023

Categories

  • AFRICA
  • ALTCOIN
  • ASIA
  • AUSTRALIA
  • BITCOIN
  • BLOCKCHAIN
  • BRAZIL
  • CANADA
  • CENTRAL AMERCIA
  • CRYPTO GENERAL
  • EL SALVADOR
  • ETHEREUM
  • EUROPE
  • EXCHANGES
  • ICO
  • INDIA
  • INVERST IN ICO
  • INVESTMENTS
  • JAPAN
  • MASTERNODES
  • MINING
  • MINING PROJECTS
  • NFTS
  • NFTS INVESTMENTS
  • OCEANIA
  • SINGAPORE
  • SOUTH AMERICA
  • STAKING & YEILD FARMING
  • UAE
  • UK
  • Uncategorized
  • USA
  • VIDEOS
  • WORLD
  • CONTACT US
  • DISCLAIMER
  • PRIVACY POLICY
  • ABOUT US
  • CLASSIFIED
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

No Result
View All Result
  • BLOCKCHAIN
  • BITCOIN
  • ETHEREUM
  • NFTS
  • ALTCOIN
  • MINING
  • VIDEOS
  • LIVERATES
  • SHOP
  • CLASSIFIEDS
  • ADVERTISE
  • SUBMIT PRESS RELEASE

© cryptocurrencybazaar4u.io

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoin
    Bitcoin(BTC)
    $0.00 4.63%24H
  • ethereum
    Ethereum(ETH)
    $0.00 7.65%24H
  • binance-coin
    Binance Coin(BNB)
    $0.00 8.29%24H
  • usd-coin
    USD Coin(USDC)
    $0.00 -0.04%24H
  • cardano
    Cardano(ADA)
    $0.00 5.58%24H
  • chainlink
    Chainlink(LINK)
    $0.00 7.66%24H
  • bitcoin-cash
    Bitcoin Cash(BCH)
    $0.00 5.04%24H
  • stellar
    Stellar(XLM)
    $0.00 4.19%24H
  • vechain
    VeChain(VET)
    $0.00 7.84%24H
  • tezos
    Tezos(XTZ)
    $0.00 5.65%24H
  • eosdac
    eosDAC(EOSDAC)
    $0.00 3.34%24H