TechFlow news, the city of Rio de Janeiro, Brazil will officially begin accepting Bitcoin and other cryptocurrencies as payment for real estate and urban property taxes (IPTU) within its city limits. According to Cointelegraph Brazil, Rio's Secretary of Economic Development, Innovation, and Simplification, Chicão Bulhões, announced that the new cryptocurrency tax policy will take effect starting in 2023. To support this initiative led by Rio Mayor Eduardo Paes—enabling tax payments in crypto—Binance CEO Changpeng Zhao announced plans to open a new office in the region.
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