Services
TariffsBlogAPI

Services

Personal use

Business use

TariffsBlogAPI
Bank Of Brazil Now Allows Citizens To Pay Taxes With Crypto
0 comments

Bank Of Brazil Now Allows Citizens To Pay Taxes With Crypto

Banco do Brasil, Brazil's national bank, has integrated the ability to pay taxes using digital assets.

Bank customers can use the app to instantly convert the cryptocurrency in their account into Brazilian reals to pay taxes.

"This partnership allows increased use and access to the digital asset ecosystem with a national reach," said Bitfy CEO Lucas Schoch.

As a reminder, in late 2022, Brazilian President Jair Bolsonaro signed a law that enshrines bitcoin as a means of payment and investment asset.

The head of the country's central bank Roberto Campos Neto announced the regulator's plans to issue CBDC in 2024 after a closed pilot program with financial institutions.

Rate the article

Previous postTether Says Crypto Reserves Boosted by $700 Million in Profit
Next postFrance to Tighten Crypto Companies Registration Rules Next January

If you have a question, leave your contact, and we will get back to you

banner image
banner image

Share

Simplify Your Crypto Journey

Want to store, send, accept, stake, or trade cryptocurrencies? With Cryptomus it's all possible — sign up and manage your cryptocurrency funds with our handy tools.

banner image
banner image

Share

comments

0

Related content

Cookies and fingerprint settings

We use cookies and browser fingerprint to personalize content and advertising, provide social media features, and analyze our traffic. We also share information about your use of our website with our social media, advertising, and analytics partners, who may combine it with other information. By continuing to use the site, you consent to the use of cookies and browser fingerprint.

We use cookies and browser fingerprint to personalize content and advertising, provide social media features, and analyze our traffic. We also share information about your use of our website with our social media, advertising, and analytics partners, who may combine it with other information. By continuing to use the site, you consent to the use of cookies and browser fingerprint.