Rio de Janeiro Mayor Eduardo Paes intends to take a position a chunk of town’s treasury in cryptocurrencies. According to a report within the Brazilian newspaper O Globo on Thursday, Paes can be going to arrange a working group on this regard.
The Brazilian mayor was talking on the Rio Innovation Week occasion on a panel with Miami Mayor Francis Suarez, and stated: “We’re going to launch Crypto Rio and invest 1 percent of treasuries in cryptocurrency.”
Rio’s Finance and Planning Secretary Pedro Paulo instructed O Globo that town is providing a ten p.c rebate on property taxes paid with bitcoin.
Meanwhile, residents of the US seashore city of Miami might quickly have the cryptocurrency MiamiCoin of their crypto pockets at no cost. Miami City Mayor Francis Suarezzo introduced on Twitter that town will share a number of the income from town’s cryptocurrency with all its residents and distribute funds by way of digital wallets.
The mayor of Miami plans to make Florida’s capital a brand new hub of digital finance. Suarez can be engaged on a plan to pay metropolis officers in cryptocurrency. Earlier this month, new New York City mayor-elect Eric Adams and Miami Mayor Suarez introduced that they’d take their salaries in bitcoin.
He instructed Bloomberg in October that his metropolis would pursue a plan to pay metropolis staff in bitcoin. He additionally stated that he needs the state of Florida to permit Miami to have bitcoin on its stability sheet. Bitcoin and another cryptocurrencies are authorized within the US, and El Salvador is the primary nation to undertake it as authorized tender.
In different information, no less than two US mayors—New York City’s new mayor-elect Eric Adams and Miami Mayor Suarez introduced To take your wage in bitcoins. New York City’s new mayor-elect additionally has large targets to ship the cryptocurrency trade and NYC needs to be the middle of the cryptocurrency trade.
,
With inputs from TheIndianEXPRESS
