Rio De Janeiro to Allocate 1% of Treasury Reserves to Crypto: Report

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Rio De Janeiro to Allocate 1% of Treasury Reserves to Crypto: Report

According to Pedro Paulo, Rio de Janeiro’s finance secretary, the city plans to apply discounts to tax payments made with bitcoin. “You take the single quota discount of 7%, it would make 10% if you pay in bitcoin,” Paulo said, adding that the administration needs to study the legal framework. www.coindesk.com

According to Pedro Paulo, Rio de Janeiro’s finance secretary, the city plans to apply discounts to tax payments made with bitcoin. “You take the single quota discount of 7%, it would make 10% if you pay in bitcoin,” Paulo said, adding that the administration needs to study the legal framework.

www.coindesk.com