in Cryptocurrencies, Government, Rio de Janeiro, taxes

Brazil’s Rio de Janeiro will accept crypto-payments for property taxes

by Repost Admin October 12, 2022, 9:43 pm 1000 Views

The city will allow taxpayers to make crypto payments through third-party service providers.

The city of Rio de Janeiro is seeking crypto firms to operate its tax property seasoning in 2023, according to a decree published on Oct. 11, allowing taxpayers to use crypto alongside fiat currency to pay tributes. The move makes Rio the first Brazilian city to accept digital assets as payment for taxes.

It is expected that taxpayers will be able to pay with more than one crypto asset and that