Rio de Janeiro to Allow Paying Taxes with Crypto Starting from 2023
<p>Rio de Janeiro, the second-largest Brazilian city, will make it possible to pay property taxes with cryptocurrencies starting from 2023, according to a report published by Bloomberg Línea.</p>
<p>According to a note that comes from Rio de Janeiro's City Hall, the city will hire several companies that will be responsible for converting cryptocurrencies into the Brazilian real.</p>
<p>The city also plans to develop its own collection of non-fungible tokens that will feature images of Rio de Janeiro’s most famous tourist spots. The goal is to stimulate tourism and incentivize local artists with the help of NFTs, according to Pedro Paulo, the city’s secretary of finance and planning.</p>
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