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Rio de Janeiro To Allow Property Taxes Paid In Crypto by taskmaster4450

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hive-167922 · @taskmaster4450 ·
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Rio de Janeiro To Allow Property Taxes Paid In Crypto
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[![](https://ipfs-3speak.b-cdn.net/ipfs/bafkreias3xoarejdomnf6q7dweic7rmygczqszqubpr7o7em5k2lymrbjy/)](https://3speak.tv/watch?v=taskmaster4450/qxmrabos)

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This is becoming a regular event.  After the news out of Florida where Governor Desantis authorized the payment of business taxes in crypto, Rio de Janeiro is going to accept the payment of property taxes in the same manner.

In this video I discuss how we are seeing the expansion of different government entities getting involved.  This is huge in the battle since there are forces out there trying to stop cryptocurrency.  While we do not require government to succeed, having some on our side does not hinder us.

Here is the article discussed in the video:

https://u.today/rio-de-janeiro-to-allow-paying-taxes-with-crypto-starting-from-2023

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▶️ [3Speak](https://3speak.tv/watch?v=taskmaster4450/qxmrabos)
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@ai-summaries · 
**Summary:**
In this video, the speaker discusses the increasing adoption and acceptance of cryptocurrency by government entities, specifically highlighting Rio de Janeiro's decision to allow citizens to pay property taxes using cryptocurrency starting from 2023. Furthermore, the Mayor announced plans to put 1% of the city's treasury into cryptocurrency after a conversation with Miami Mayor Francis Suarez. The speaker emphasizes the significance of government involvement in cryptocurrency and how it ties in with the broader global adoption and innovation in the crypto space. Various examples from the USA, El Salvador, South Korea, and other countries are mentioned to illustrate the growing influence of cryptocurrency across different regions.

**Detailed Analysis:**
The video delves into the ongoing development in the crypto world, focusing on the utilization of cryptocurrencies for tax payments in Rio de Janeiro from 2023 onwards. The speaker highlights the uniqueness of this move, where the crypto used for tax payment will be swiftly converted to Brazilian real. The decision to allocate 1% of the city treasury to cryptocurrency is particularly thrilling, signifying a strong endorsement of the digital asset by the Mayor of Rio de Janeiro.

Moreover, parallel actions in the USA are discussed, such as Governor DeSantis authorizing the acceptance of business taxes in cryptocurrencies in Florida. This signals a broader trend of governmental bodies exploring and embracing cryptocurrencies, with mentions of key figures like Mayor Suarez of Miami and Senator Cruz from Texas, who've shown interest and investment in Bitcoin.

The speaker references a variety of exciting global developments, like El Salvador's move to make Bitcoin legal tender, which has garnered significant attention and interest worldwide. Additionally, the foray of corporations like ExxonMobil into cryptocurrency mining due to excess natural gas showcases the expanding influence of digital assets across industries.

There is a detailed exploration of the broader implications of these actions, emphasizing the evolving narrative in the crypto space from pure speculation to more stable investment opportunities. The speaker anticipates that the attraction of stable yields could drive significant participation from institutional investors and the general public, ultimately reshaping the financial landscape.

The video articulates the emergence of a global wave of cryptocurrency adoption, spanning countries like Brazil, El Salvador, South Korea, and beyond, reflecting the transformative impact of digital currencies on traditional financial systems. The speaker closes the discussion by highlighting the contentious nature of cryptocurrency adoption, facing opposition from established financial institutions and governance systems, which they view as threatened by the growth and decentralization that cryptocurrencies offer.

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*Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.*
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@jfang003 · 
I see the governments intervening and have you noticed the recent actions by coinbase? It looks like they want to collect even more information about who you are sending your crypto to. 

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@jfang003/re-taskmaster4450-4zjbx8)
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@pixresteemer · 
<center>![pixresteemer_incognito_angel_mini.png](https://files.peakd.com/file/peakd-hive/pixresteemer/8h7BBw1w-pixresteemer_incognito_angel_mini.png)</center><center>Bang, I did it again... I just rehived your post!</center><center>Week 98 of my [contest](/hive-179017/@pixresteemer/the-re-hive-contest-results-week-97-and-start-week-98) just started...you can now check the winners of the previous week!</center><center><sub>14</sub></center>
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@tokenizedsociety · 
Ah wow, that's interesting! I didn't even know that.

More visibility is always welcome

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@tokenizedsociety/re-taskmaster4450-4ksp7t)
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