• Rio de Janeiro's mayor is following the lead of Miami's bitcoin-loving Francisco Suarez and will invest 1% of the city's reserves in the cryptocurrency

    5 days ago - By Business Insider

    Rio de Janeiro Mayor Eduardo Paes. Buda Mendes/LatinContent via Getty Images
    Rio de Janeiro is aiming to put 1% of the famous Brazilian city's reserves into bitcoin, its mayor reportedly said Thursday.
    Eduardo Paes spoke of the plan during a panel with Miami Mayor Francis Suarez, himself a bitcoin bull.
    Rio de Janeiro may also offer a discount on property taxes paid in bitcoin.
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    The mayor of Rio de Janeiro is working to put a slice of the famous Brazilian city's reserves into bitcoin, according to reports Friday, a...
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