Rio de Janeiro to adopt Bitcoin for real estate taxes from 2023

rio de janeirO OQcZlH

Binance CEO Changpeng Zhao declared the opening of a new office in the Brazilian city in favour of Mayor Eduardo Paes’ cause, noting, He’s done his part. We are working on ours.” Rio de Janeiro, Brazil’s largest city, will begin accepting Bitcoin (BTC) payments for taxes on residential and commercial real estate within its boundaries, also known as the Imposto Sobre a propriedade predial e territorial urbana (IPTU).As per reports the new pro-crypto tax rules will take effect in 2023, as indicated by Chico Bulhes, Secretary of Economic Development, Innovation, and Simplification.Binance CEO Changpeng Zhao announced the opening of a new office in the region in favour of this effort led by Brazilian Mayor Eduardo Paes, noting that “He’s done his part. We are working on ours.”Rio de Janeiro will be the first Brazilian city to accept Bitcoin payments once the project is fully implemented. As per the announcement, which has been translated:“To enable the operation, the municipality w

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