Rio de Janeiro, a Brazillian city, has just announced that it will accept using Bitcoin for the payments of estate taxes from 2023. In addition to this breaking news and to prepare for the upcoming BTC application in the tax system, CZ, the CEO of Binance, has just declared that the first Binance office is now opening in this city. Besides, the authority of the city also confirms that the city legislation is establishing the law to deploy NFT and working with the Meta blockchain company to implement the cutting edge trading platforms for BTC. Here is the recent post on the CZ Twitter account showing the moment of CZ handshaking with the Mayor of Rio de Janeiro city and he tweeted that “He’s done his part. We are working on ours”. This means that the collaboration now is successful and this is the showing time for Binance to explode in Brazil. Link Twitter.
Coinbase announces that it is going to buy the 2TM, the owner of the largest crypto exchange in Brazil – Mercado Bitcoin, and the final declaration will be released at the end of this April. Mercado Bitcoin is known to have over 3M customers and gained about 7B dollars in 2021 – reported by Coindesk. Besides, 2TM is also the owner of a chain of big companies and banks in Brazil. A series of negotiations between Coinbase and 2TM was implemented in 2021 since the opening of Coinbase’s blockchain engineer offices had been established in Brazil in November of 2020. The giant blockchain exchanges like Coinbase are scrambling to steal the Brazil crypto market while the stablecoin quantity is reported to triple in 2021.
πDo you think that a huge amount of money is flowing into the crypto market of Brazil and the blockchain companies are working enthusiastically to prepare for the upcoming explosion of the crypto market?
πRead the article on Cointelegraph here: Link
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