Rio de Janeiro is Going Crypto in 2023
Join Our Telegram channel to stay up to date on breaking news coverage Rio de Janeiro’s Mayor Eduardo Paes and other municipal representatives unveiled plans to collect bitcoin for an IPTU (urban building and land tax) municipal tax that would be introduced starting in 2023. The announcement was made on March 25 during the Cryptoactivity Carioca event. The proposal should make Rio de Janeiro the very first municipality in Brazil to permit tax payments in cryptocurrencies from its citizens. The following guests at the event expressed a desire to offer bitcoin payment services. Mayor Eduardo Peas stated that “Our effort here is to make it clear that in the city of Rio, we have official initiatives that recognize this market. Now those who invest in cryptocurrency and live in the city of Rio will be able to spend this asset here by paying official tax in the city of Rio. And we will move forward in this fast.” At the beginning of the year, the Mayor stated tha...