Brazil’s City of Rio de Janeiro Will Accept Bitcoin for Property Tax Payments

The Brazilian city of Rio de Janeiro will start accepting bitcoin for property tax payments from 2023.

In a statement made by the municipality of Rio de Janeiro, the property tax known as IPTU will be implemented from 2023. can be paid with bitcoin has been told.

Binance CEO Changpeng ZhaoExpressing its support for this initiative of Rio de Janeiro Mayor Eduardo Paes, announced that it will open a new office in the city. The CEO also said, “The Mayor did its part. Now it’s our turn. We continue our work.” said.

In a statement on the subject, the mayor’s office said, “We will deal with companies specializing in crypto in order to realize this idea.” it was said.

Brazilian official Pedro Paulo said that their main goal is to increase the city’s cryptocurrency adoption, and they want to make the city a strong market for this asset class. Also, Paulo has done it in other ways, such as with IPTU.a that they will promote cryptocurrencies and in the future It can also be used for fare payments in taxi use. told.

The mayor’s office also arts, culture and tourism It was stated that he wanted to pursue governance policies based on NFTs in areas such as

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