Brazil - Bitcoin News Related to Brazil

or

Central Bank Aims to Connect $1.5B Sitting Idle in Banks to Brazilians

Published on january 25, 2022

The Central Bank of Brazil is introducing a program to connect the R$8 ($1.5 billion) sitting idle in financial institutions to the Brazilians who are entitled to the funds, the Rio Times reported. Previously there wasn’t an easy way to access these resources until the central bank intervened with a specific program. The first stage […]

Rio De Janeiro to Invest 1% of Its Treasury in Cryptocurrency

Published on january 16, 2022

Rio de Janeiro, one of the largest cities in Brazil, will invest part of its Treasury in cryptocurrencies. The announcement was made by the mayor of Rio, Eduardo Paes, during Rio Innovation Week. The plan is to turn the city into a cryptocurrency-friendly hub, and there are other tax incentives that will also be put […]

Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments

Published on january 14, 2022

 
Brazil’s former capital city, Rio de Janeiro, might start holding crypto in its treasury, its Mayor has revealed.
According to the newspaper O Globo, Mayor Eduardo Paes made the announcement during an event also attended by another pro-crypto mayor, Miami’s Francis Suarez. The duo were speaking about the challenges involved in transforming metropolises into technological hubs….
Read More: Rio’s Treasury Reserves to Be Made up of 1% Crypto, City May Enable BTC Tax Payments