Express

Brazilian Bank Banco de Brasil Allows Tax Payments With Cryptocurrencies

Tris Bell

Summary: Major Brazilian bank Banco de Brasil announced that it is allowing taxpayers to pay taxes using cryptocurrencies. The move is part of a partnership with crypto firm Bitfy, who will act as a payments collector for the bank. Brazilian city Rio de Janerio had already started accepting cryptocurrencies as a form of tax payment back ...

Major Brazilian bank Banco de Brasil announced that it is allowing taxpayers to pay taxes using cryptocurrencies. The move is part of a partnership with crypto firm Bitfy, who will act as a payments collector for the bank.

Brazilian city Rio de Janerio had already started accepting cryptocurrencies as a form of tax payment back in October 2022.

In December 2022, the government of Brazil passed laws that legalized the use of cryptocurrencies as a method of payment within the country.

Author: Tris Bell

Last Update:

Tags: ,,,,,,
Link: Brazilian Bank Banco de Brasil Allows Tax Payments With Cryptocurrencies   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago

    • You need to login to comment.