​​Rio de Janeiro to accept Bitcoin for real estate taxes from | Chill Crypto | News | Bitcoin

​​Rio de Janeiro to accept Bitcoin for real estate taxes from 2023

Supporting this cause led by Mayor Eduardo Paes, Binance CEO announced a new office in the Brazilian city, stating that “He‘s done his part. We are working on ours.”

Rio de Janeiro will officially start accepting Bitcoin (BTC) payments for taxes related to urban real estate within their city limits, otherwise known as Imposto sobre a propriedade predial e territorial urbana (IPTU).

As reported by Cointelegraph Brazil, the new pro-crypto tax laws will be implemented from 2023, which was announced by the Secretary of Economic Development, Innovation and Simplification, Chicão Bulhões.

Supporting this cause led by the Brazilian Mayor Eduardo Paes, Binance CEO Changpeng “CZ” Zhao announced to open a new office in the region, stating that “He‘s done his part. We are working on ours.”