Brazil’s Rio De Janeiro to Allow Digital Asset Tax Payments

Oct 19,2022
KingData News: Rio de Janeiro will allow its residents to pay property taxes in digital assets starting in 2023, a decree published this week has revealed. While the residents will make the payments in digital assets, the city government will only receive the funds in fiat. It will rely on its partner VASPs to convert digital assets with no additional costs to the taxpayers. Mayor Paes has been a longtime digital asset supporter. In January, he committed to allocate 1% of the city’s treasury reserves to digital assets.
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.