2 years ago
The politician of Rio de Janeiro said Thursday helium plans to allocate 1% of Brazil's second-most populous city's treasury reserves to cryptocurrencies, according to a Globo report.
"We are going to motorboat Crypto Rio and put 1% of the treasury successful cryptocurrency," Eduardo Paes said astatine the Rio Innovation Week.
According to Pedro Paulo, Rio de Janeiro's concern secretary, the metropolis plans to use discounts to taxation payments made with bitcoin. "You instrumentality the azygous quota discount of 7%, it would marque 10% if you wage successful bitcoin," Paulo said, adding that the medication needs to survey the ineligible framework.
Miami Mayor Francis Suarez besides spoke astatine the event, and discussed the challenges successful transforming cities into technological hubs. In February, Saurez told CoinDesk helium plans to spot a information of the Miami treasury successful bitcoin.
CORRECTION (Jan. 14, 14:08 UTC): Replaces references to bitcoin successful headline, archetypal paragraph and archetypal slug with the much wide cryptocurrencies.
Tanzeel Akhtar is simply a CoinDesk quality newsman based successful the UK.
Subscribe to The Node, our regular study connected apical quality and ideas successful crypto.
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 