Brazilian mayor to reportedly invest 1% of city reserves in Bitcoin
Rio de Janeiro mayor Eduardo Paes talked about Bitcoin with Miami mayor and BTC bull Francis Suarez at Rio Innovation Week. Eduardo Paes, mayor of Brazilian city Rio de Janeiro, wants to allocate 1% of the city’s treasury into Bitcoin (BTC), Cointelegraph Brazil reported.Paes reportedly announced plans for “Crypto Rio,” or turning the city into a cryptocurrency hub during Rio Innovation Week on Thursday, according to a report by local news agency O Globo.The mayor spoke about Rio’s cryptocurrency-related ambitions in a panel with Miami mayor and Bitcoin bull Francis Suarez, who started....
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Miami Mayor Francis Suarez is exploring putting a percentage of his city’s treasury reserves in bitcoin. Miami is currently working on accepting the cryptocurrency as a means of payment for city services and taxes. The mayor believes that “Bitcoin has been a stable investment during an incredibly unstable year.” Miami Could Invest Some of City’s Treasury Reserves in Bitcoin Francis Suarez, the mayor of the U.S. city of Miami, Florida, has been discussing with the crypto community about putting a small percentage of the city’s treasury reserves in bitcoin. The....
The entrepreneurial mayor brings his recruitment of tech talent to the crypto space with the potential of a 1% investment of the city’s reserves into BTC.
The mayor of Miami, Francis Suarez has revealed that the city has so far generated over $8 million from its partnership with CitycOINS. The city had taken a plunge into crypto with the creation of its very own coin named after the city, and the mayor said that the move had been a “game-changer” for […]
Supporting this cause led by Mayor Eduardo Paes, Binance CEO Changpeng Zhao announced to open a new office in the Brazilian city stating that “He's done his part. We are working on ours.” The Brazilian city of Rio de Janeiro will officially start accepting Bitcoin (BTC) payments for taxes related to urban real estate within their city limits, a.k.a. Imposto sobre a propriedade predial e territorial urbana (IPTU).As reported by Cointelegraph Brazil, the new pro-crypto tax laws will be implemented from 2023, which was announced by the Secretary of Economic Development, Innovation and....
Former presidential candidate Andrew Yang is running for mayor of New York City. He has promised that as mayor he would invest in making the city “a hub for bitcoin and other cryptocurrencies.” Yang is also pro-universal basic income (UBI) and wants to launch “the largest basic income program in history.” Andrew Yang Promises to Turn New York City Into a Bitcoin and Crypto Hub as Mayor Entrepreneur and former presidential candidate Andrew Yang is running for mayor of New York City. The Democratic primary is on June 22. He ran for U.S. president in the 2020 election....