Rio de Janeiro announced plans to become the first Brazilian city to accept bitcoin payments for taxes.
Cryptocurrency adoption comes in different forms these days, but it seems that countries and cities are becoming more open to the idea of allowing certain payments to be made using such assets. Brazil’s second-largest city said it wants to become the first within the nation’s borders to accept BTC payments for taxes.from Bloomberg Linea outlined the announcement from the city of Rio De Janeiro indicating that residents will be able to pay IPTU using digital assets as of next year.
Back in January, the city’s mayor introduced a working group focusing on how to accelerate the usage of cryptocurrencies to boost the local economy.
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