Brazilian mayor to reportedly invest 1% of city reserves in Bitcoin By Cointelegraph

Jan 15, 2022


© Reuters.

Eduardo Paes, mayor of Brazilian metropolis Rio de Janeiro, desires to allocate 1% of town’s treasury into (BTC), Cointelegraph Brazil reported.

Paes reportedly introduced plans for “Crypto Rio,” or turning town right into a cryptocurrency hub throughout Rio Innovation Week on Thursday, in accordance to a report by native information company O Globo.