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According to Coingeek, Rio de Janeiro will allow its residents to pay property taxes in digital assets starting in 2023, a decree published this week has revealed. Mayor Eduardo Paeshas now published a decree calling for applications from virtual asset service providers who wish to process digital asset payments starting in 2023. While the residents will make the payments in digital assets, the city government will only receive the funds in fiat. It will rely on its partner VASPs to convert digital assets with no additional costs to the taxpayers.

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【Brazil’s Rio de Janeiro to allow digital asset tax payments】According to Coingeek, Rio de Janeiro will allow its residents to pay property taxes in digital assets starting in 2023, a decree published this week has revealed. Mayor Eduardo Paeshas now published a decree calling for applications from virtual asset service providers who wish to process digital asset payments starting in 2023. While the residents will make the payments in digital assets, the city government will only receive the funds in fiat. It will rely on its partner VASPs to convert digital assets with no additional costs to the taxpayers.

Brazil’s Rio de Janeiro to allow digital asset tax payments

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