Rio De Janeiro Mayor Reveals 10% On Taxes Paid In Bitcoin

The mass adoption of crypto continues and it’s going great. This has been one of the most important goals that the crypto industry set and things are getting better and better.

Check out the latest reports involving Rio De Janeiro.

JUST IN – Rio De Janeiro mayor announces 10% discount on taxes paid in #Bitcoin 🇧🇷 pic.twitter.com/wsfdqcdEFn

— Bitcoin Magazine (@BitcoinMagazine) January 14, 2022

Also, check out this relevant tweet.

Upon further investigation of other reports in the media, it appears the Mayor of Rio said that the city will put 1% of its treasury into cryptocurrency. The discussion also revolved around a potential discount of 10% for Property Tax payers if they paid in #bitcoin.

— BTC Times (@btc) January 14, 2022

Someone commented: “Very cool, but if you know what’s good for you, you don’t give your bitcoin away to the government.”

Another follower posted this: “So, Rio De Janeiro is stacking and hodling. Just like El Salvador. Smart people in charge.”

Speaking of El Salvador, the country made headlines not too long ago once again.

El Salvador manages to make another historic move. Check out the tweet that the country’s president shared on his social media account and the important meaning that this has.

El Salvador bought another 21 BTC to mark the 21st day of the last month of the 21st year of the 21st century, President Nayib Bukele said in a series of tweets on Tuesday night as revealed by CoinDesk.

Bukele said he made the purchase at 21:21:21, and pointed out that El Salvador’s land area is 21,000 square kilometers.

Got the receipt. https://t.co/WONLH85KIy pic.twitter.com/BDq076JNKa

— Nayib Bukele 🇸🇻 (@nayibbukele) December 22, 2021

The president posted a screenshot of the transactions, which were totaling just over $1 million, saying “got the receipt.”

Stay tuned for more news and make sure to stay with your eyes peeled on the crypto markets as well.