Rio de Janeiro mayor plans to invest 1% of the city's treasury in bitcoin - Aliens: AI Crypto News & Markets Updates

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Rio de Janeiro mayor plans to invest 1% of the city's treasury in bitcoin

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The Block

Fri, Jan 14, 2022

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Rio de Janeiro mayor Eduardo Paes plans to invest 1% of the city’s treasury in bitcoin.

The city may also offer an additional discount if property taxes are paid in bitcoin.

Eduardo Paes, mayor of Rio de Janeiro, intends to invest 1% of the city's treasury reserves in bitcoin.

Rio de Janeiro may also offer a discount on property taxes if paid with bitcoin.

Last year, the Miami mayor also announced his intention to invest the city's treasury reserves in bitcoin.

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