Rio de Janeiro Eyes Treasury Investment in Crypto and Discounts for Taxes Paid in Bitcoin

Rio de Janeiro Eyes Treasury Investment in Crypto and Discounts for Taxes Paid in Bitcoin

The mayor of Rio de Janeiro, Eduardo Paes, announced that the Brazilian city would be investing 1% of its Treasury in crypto. Rio de Janeiro Mayor Eduardo Paes has pledged to invest 1% of the city’s Treasury in cryptocurrencies, per Brazilian news outlet O Globo.  “We are going to launch Cripto Rio and invest 1% of…

Report: 82% SMBs are open to accepting cryptos as payments in 2022

Report: 82% SMBs are open to accepting cryptos as payments in 2022

Cryptocurrencies are getting harder to ignore with each passing day. It’s not just big institutions acquiring crypto but even small businesses have been following the same tune. The crypto industry is expanding exponentially and so is its adoption for payment among small and medium-sized businesses or SMBs. Count me in  Crypto is still not an everyday payment method…

University accepts Bitcoin donations to fund crypto-related activities

University accepts Bitcoin donations to fund crypto-related activities

The SDSU announced that it’s accepting donations in cryptocurrency to fund activities that promote crypto adoption within the university. Back in October 2021, The Campanile Foundation (TCF), an auxiliary of the San Diego State University (SDSU), accepted its first crypto donation. Now, the university announced that it is welcoming digital currency donations in Bitcoin (BTC) and Ether…

55% of crypto holders in the US and UK prefer salary payments in cryptocurrencies

55% of crypto holders in the US and UK prefer salary payments in cryptocurrencies

New research has revealed that most cryptocurrency holders prefer getting paid in digital currencies as the sector increasingly integrates with the financial system.  The report dubbed ‘Inside the crypto community: Plotting the journey to mass adoption’ by payment platform Paysafe states that about 55% of holders would like to earn their salaries in digital assets. According to…

WITH BITCOIN, AFRICA IS BECOMING THE UNDISPUTED LEADER OF FINANCIAL LIBERATION

WITH BITCOIN, AFRICA IS BECOMING THE UNDISPUTED LEADER OF FINANCIAL LIBERATION

With a population rapidly adopting Bitcoin, Africa is dismissing classic narratives and becoming the world’s epicenter for the financial future. Africa is leading the way for global Bitcoin adoption — pioneering the first truly peer-to-peer movement on the ground. While many parts of the developed world are fixated on the speculative activity of bitcoin, people…

Hong Kong to Set a Plan for Cryptocurrency Regulations by July 2022: Report

Hong Kong to Set a Plan for Cryptocurrency Regulations by July 2022: Report

The HKMA plans to outline a regulatory framework for local businesses and traders by July 2022 as it would pay special attention to stablecoins. The Hong Kong Monetary Authority (the central banking institution of the city-state) reportedly intends to establish a new regulatory regime for digital assets by July this year. The special administrative region…