Rio de Janeiro citizens will be able to pay property taxes with crypto
Join Our Telegram channel to stay up to date on breaking news coverage The crypto industry is getting rapidly adopted throughout South America, with multiple nations exploring different ways to adopt it and apply it. Some have reached further stages than others, and in some places, there are isolated moves to adopt crypto in one way or another on a local level. For example, in Brazil, Rio de Janeiro just decided to publish a decree on October 11th, revealing that it will now allow its citizens to pay property tax with digital currencies . The city’s government is now seeking crypto companies that would make it possible starting in 2023. Crypto will be accepted alongside fiat currencies — meaning that crypto payments will not replace traditional money. But, the move is still important as it makes Rio the first city in Brazil to accept digital assets as an official form of payment for property taxes. So far, it is not known which coin(s) will be accepted, although i...