The Mayor of Rio De Janeiro made some major Bitcoin announcements this morning...

The Mayor of Rio announced that they will be putting 1% of their treasury into bitcoin.

But that's not all...

He also announced they would be offering a 10% discount on taxes paid in bitcoin.

That second one might be an eve bigger deal the first!

(Source: https://twitter.com/BitcoinMagazine/status/1481956389476081670/photo/1)

These announcements I am mentioning I have only heard second hand so keep that in mind.

I need to find the actual quotes from the government to verify.

Either way, Rio and Brazil are clearly moving towards bitcoin and crypto in a big way.