Rio de Janeiro Wants to Incentivize Paying Taxes with Cryptocurrencies

Jan 20, 2022 | Crypto, News | 0 comments

Rio de Janeiro Wants Taxes with Cryptocurrencies

One of the largest cities in Brazil, Rio de Janeiro, is going crypto as we speak. According to the mayor Eduardo Paes, 1% of the state’s funds will be used to invest on crypto.

Rio de Janeiro

Pedro Paulo, finance secretary, said that users paying with Bitcoin will get 10% discount on certain taxes.

The announcement took place at the Rio Innovation Week, an event focused on modernizing the state. The mayor did his lecture along with Francis Suarez, Miami’s mayor.

If you live in Miami or wishes to pay a visit to the city, you will see that the mayor also released Miamicoin — a cryptocurrency for its inhabitants! According to Suarez, the use of a digital asset helped the city by creating new crypto tax incentives.

But everything is on planning yet — the government must check regulations to implement these changes correctly.

Why should you invest now in crypto?

Crypto gives you the possibility to achieve financial independence in a never-seen way. You can store your cash within a censorship-resistant store of value, which most probably will become even more valuable in the long-term.

And you can buy and sell (literally) anything with cryptocurrencies on the internet. Decentralized assets are borderless, thus giving you the possibility of making businesses overseas without the need of making conversions or anything like that.

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About the CSHOP token

CSHOP is the first payment token ever created for marketplace. That said, you can close deals with individuals and companies all around the world by using a single digital asset.

One of its main goals is to incentivize negotiations involving crypto inside e-commerce since it is one of the biggest deals out there.

CSHOP is a decentralized BEP-20 (Binance Smart Chain) token. With it, you can buy and sell any kinds of goods, physical or not, as well as services.

All your transactions are secure through CSHOP. You can make deals anytime you want, anywhere.

Do you like discounts? CoinShopp has you covered: all purchases made with CSHOP token have a 15% discount!

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How to buy CSHOP?

You can access our official website and buy some tokens at PancakeSwap! You can use MetaMask or Trust Wallet to synchronize with your PancakeSwap’s account to convert your current crypto on CSHOP.

Import the contract address into your wallet and swap your tokens for any amount of CSHOP that you want! You will get your tokens in a few instants.

Your tokens can be used from inside your wallet to make purchases on CoinShopp. It is easy as that. Just like using a bank account, but much easier, safer, faster, and cheaper.

As always, you can contact us if you need any further assistance.

Register now at CoinShopp and become even more independent!

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