Rio de Janeiro Mayor Eduardo Paes said on Thursday. city-specific cryptocurrency announced that they will create a special budget for investing in cryptocurrencies.
Speaking at Rio Innovation Week, Mayor Paes said: “We will create Crypto Rio and invest 1 percent of our treasury in crypto.” said.
Among the city’s plans high technology It also includes creating a special economic zone where companies engaged in focused work can benefit from various tax reductions.
Speaking to O Globo after the event, some municipal officials said that Rio de Janeiro that they want to make it a new hub for cryptocurrencies they stated.
Within the scope of this plan; taxes paid to citizens at the local level If they pay with Bitcoin (BTC) It has been announced that a discount can be applied and studies will be carried out on the legal aspects of this.
Chicão Bulhões, the municipality’s responsible for economic development and innovation, allocates part of Rio’s municipal budget to cryptocurrencies. could become a leading city. told.
Stating that they have obtained the necessary permissions to apply the tax reduction to the companies, Bulhões they want to attract more companies added.