Rio de Janeiro government gets 10% off tax on Bitcoin cryptocurrency reserves - Hong Kong unwire.hk

Rio de Janeiro, Brazil plans to launch "Rio Coin" and allocate 1% of its financial funds to invest in Bitcoin, and citizens who use Bitcoin to pay taxes can enjoy a 10% tax concession, becoming the first Bitcoin reserve in South America city of. According to reports, the mayor of Rio de Janeiro, Eduardo Paes, announced at the "Rio Innovation Week" meeting that he would launch the digital currency "Crypto Rio" and set aside 1% of the financial funds to invest in Bitcoin. He said that he would connect with the city of Miami, which plans to promote the "cryptocurrency…