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Coinnounce
2022-01-14 12:18:38

Rio de Janeiro’s Mayor is looking to put 1% of the city’s Treasury reserves in bitcoin.

Rio de Janeiro’s Mayor is looking to put 1% of the city’s Treasury reserves in bitcoin.

Eduardo Paes – the Mayor of Rio de Janeiro – is looking to allocate 1% of the city’s Treasury in bitcoin. If he proceeds, the megapolis will become the first Brazilian city to purchase the primary cryptocurrency bitcoin as a store of value. Mayor Eduardo Paes presented his plans at Rio Innovation Week as he discussed the […]

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