Brazil’s Eighth-largest City OKs Plan to Let Residents to Pay Taxes in Crypto from 2023
Source: Ewan Kennedy/Unsplash Brazilian cities are racing to allow their citizens the ability to pay their local taxes in crypto &ndash ; with the nation’s eighth largest city set to allow residents to settle their bills in bitcoin (BTC) and other tokens from next year. Per CNB, the latest development comes from the city of Curitiba, the capital of Paraná and the same state’s biggest city (population over 1.9 million). The media outlet reported that a crypto tax payment proposal was put forward by the councilor Noemia Rocha. The councilor’s proposal was “unanimously approved” by the City Council at a meeting this week – paving the way for implementation in 2023. Legal experts noted that several administrative hurdles could well stand in the city&rsquo ;s way as it attempts to implement its plan. Brazilian legislation currently makes it difficult for state-level organizations to hold funds or accept payments in anything oth...