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The city of Curitiba, in Brazil, is now studying the possibility of accepting cryptocurrency payments for taxes. Noemia Rocha, a city councilor for Curitiba, presented this project to the executive to study the method by which the municipality could accept cryptocurrencies for these payments using third-party payment processors. Curitiba Might Accept Crypto for Paying Taxes More and more municipalities are including crypto as part of their development and tax-collecting plans. This time is Curitiba, the capital of the state of Parana in Brazil, which is considering accepting payments in cryptocurrency for municipal taxes . The architect of this project is city councilor Noemia Rocha, who suggested the city should consider how this might be achieved with the help of third-party payment companies. The proposal recognizes the acceptance of crypto in Brazil and pushes Curitiba, which is considered a tech hub in the country, to explore this possibility for its traits. About this view of...

Join Our Telegram channel to stay up to date on breaking news coverage The reserve Bank of India (RBI) has announced its plans to launch a central bank digital currency (CBDC). In a 51-page note released on October 7, the bank looked into the primary motivations behind issuing an Indian CBDC. Reserve Bank of India outlines CBDC plans The document summarizes the key motivations behind issuing a CBDC in India. It highlights safety, trust, liquidity, integrity, and settlement finality as some of the key Features behind a sovereign digital currency. One of the key motivations behind issuing a CBDC in India is to lower the operational costs of managing physical cash within the country. The RBI has also outlined other factors like boosting resilience and efficiency and supporting innovation in the payments system. A CBDC would also streamline cross-border payments and settlements in remote areas that do not have stable electricity connections or access to mobile network . While ...