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

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....