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&nbsp;Bloomberg L&iacute;nea.</p> <p>According to a note that comes from Rio de Janeiro&#39;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&rsquo;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&rsquo;s secretary of finance and planning.</p> <p><a href="https://medium.com/@coinlocally.exchange/rio-de-janeiro-to-allow-paying-taxes-with-crypto-starting-from-2023-b0ccebc73b96"><strong>Learn More</strong></a></p>
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