2 years ago
Supporting this origin led by Mayor Eduardo Paes, Binance CEO Changpeng Zhao announced to unfastened a caller bureau successful the Brazilian metropolis stating that “He's done his part. We are moving connected ours.”
The Brazilian metropolis of Rio de Janeiro volition officially commencement accepting Bitcoin (BTC) payments for taxes related to municipality existent property wrong their metropolis limits, a.k.a. Imposto sobre a propriedade predial e territorial urbana (IPTU).
As reported by Cointelegraph Brazil, the caller pro-crypto taxation laws volition beryllium implemented from 2023, which was announced by the Secretary of Economic Development, Innovation and Simplification, Chicão Bulhões.
Work from anyplace = Rio! Welcome @binance… Rio connected blockchain! @eduardopaes https://t.co/NJEArEvEXV
— Chicão (@ChicaoBulhoes) March 26, 2022Supporting this origin led by the Brazilian Mayor Eduardo Paes, Binance CEO Changpeng Zhao announced to unfastened a caller bureau successful the portion stating that “He's done his part. We are moving connected ours.”
9 days ago, I made a handshake woody with politician @eduardopaes. Rio De Janeiro volition judge crypto for taxation payments, and @Binance volition unfastened an bureau successful Rio. He's done his part. We are moving connected ours. https://t.co/HPJONtBfQ8
— CZ Binance (@cz_binance) March 26, 2022The rollout of this inaugural volition spot Rio de Janeiro arsenic the archetypal Brazilian metropolis to mainstream BTC payments. According to the translated announcement:
“To alteration the operation, the municipality volition prosecute companies specialized successful converting crypto assets into reais. In this way, the City Hall volition person 100% of the magnitude successful the currency.”Brazilian caput Pedro Paulo further acknowledged that the city’s extremity — with the acceptance of cryptocurrencies — is to make a coagulated marketplace of this caller plus people successful the city, adding:
“We volition stimulate the circulation of cryptocurrencies by integrating them into the outgo of taxes, arsenic successful the lawsuit of IPTU and, successful the future, this tin beryllium expanded to services specified arsenic taxi races, for example.”The metropolis besides plans to impact nonfungible tokens (NFT)-based governance policies crossed assorted markets including arts, civilization and tourism.
Related: Meta goes to Brazil to trademark Bitcoin and crypto services
Earlier this twelvemonth connected Jan. 29, Meta, the world’s biggest societal media platform, filed a trademark registration with the Brazilian authorities to design, make and proviso hardware and bundle for assorted BTC and crypto-related services.
Meta's trademark filing with the Brazilian INMI. Source: INPIAs Cointelegraph reported, Meta’s trademark filing bid was placed connected Oct. 5, 2021, from Jamaica.
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