Rio De Janeiro Will Accept Tax Payments In Bitcoin From 2023

Posted on March 28, 2022 in Cryptocurrency

Rio de Janeiro – The city of Rio de Janeiro officially accepts payments in Bitcoin or Propriedade e Regional Urbana (IPTU) for city property taxes within city limits.

According to the announcement by the Rio de Janeiro Minister of Economic Development, Innovation and Simplification on Monday, March 28, 2022, citing the Cointelegraph.com page, Chikau Polhes will start

Binance CEO Changppeng Zhao said he would open a new office in the city to help people pay their taxes using Bitcoin.

You will be paying your taxes in Bitcoin managed by the city of Rio de Janeiro, the first city in Brazil to make Bitcoin payments mainstream.

In an announcement from the city of Rio de Janeiro, the city will hire companies involved in crypto assets to do the work.

To enable the operation, the city government will hire companies that specialize in converting crypto assets into real estate. This way, City Hall will receive 100% in money.”

In addition to accepting property tax payments using Bitcoin, the city government plans to use non-breeding token-based (NFT) governance policies in a variety of markets including arts, culture and tourism.

Earlier this year, Meta, the world’s largest social media platform, filed a trademark application with Brazilian authorities for the design, development and delivery of hardware and software related to various Bitcoin or cryptographic services.

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