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Brazil City Rio de Janeiro Will Buy Bitcoin for City Reserves

Brazil: Rio de Janeiro Will Buy Bitcoin for City Reserves

“We are going to launch Crypto Rio and invest 1% of the Treasury in cryptocurrency,” said Paes, who announced establishing a working group to discuss crypto-related policies. The lofty idea follows after the US city of Miami’s pro-crypto mayor Francis Suarez launched its native crypto, the “MiamiCoin”.

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