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Benzinga
Benzinga
Business
Adrian Zmudzinski

Major South American City To Launch NFTs And Accept Bitcoin For Property Taxes

Rio de Janeiro Changpeng Zhao Binance Brazil

Rio de Janeiro — one of Brazil's biggest cities — will accept Bitcoin (CRYPTO: BTC) for real estate taxes starting in next year, according to a local official.

What Happened: Chicão Bulhões — Rio de Janeiro's Secretary of Economic Development, Innovation and Simplification — announced the upcoming implementation of the pro-crypto tax laws on Friday through the publication of a post on an official government website.

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