The city of Rio de Janeiro has promised to accept bitcoin (BTC) and cryptocurrencies for the payment of taxes, through an alliance with the Binance exchange.
In line with this initiative, Zhao indicated that Binance would open a commercial office in Rio de Janeiro.
bitcoin and cryptocurrencies could be regulated beyond the payment of taxes towards other public services
They also contemplate using non fungible tokens - NFT in cultural activities.
It is likely that they use a service developed by Binance, or other companies in the industry, both for receiving payments and converting them to the national currency, the Brazilian real.
Secretary of economic development of Rio de Janeiro, stated that they want to develop an ecosystem of cryptocurrency companies in the city.
Local deputy Pedro Paulo confirmed on Twitter that the payment of taxes with cryptocurrencies in Rio de Janeiro will begin in 2023.
More cities join the adoption of Bitcoin
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