Brazil’s second most populous city, Rio de Janeiro, is still on course to invest in crypto. The mayor of the city, Eduardo Paes, announced that Rio plans to allocate 1% of its treasury reserves to cryptocurrencies. Chicão Bulhões, the city’s secretary of economic development, reconfirmed this in an interview today. Bulhões maintained that Rio de Janeiro was still aiming to become a global crypto hub and was already directing resources at the project.
Rio De Jeneiro’s Mayor Reveals 1%Of Its Treasury Reserves Will Be Poured Into Cryptocurrencies
coingape.com
28 January 2022 07:45, UTC