Rio de Janeiro Is Planning to Become Brazil’s Crypto Hub

Rio de Janeiro’s Secretary of Finance and Planning Andrea Senko revealed the city’s plans to become “the crypto ecosystem of Brazil.” The city established a Municipal Committee for Crypto Investments (CMCI) to boost Rio de Janeiro’s crypto presence in the nation.

Rio de Janeiro’s mayor Eduardo Paes also spoke of a similar goal for the city in January this year. He said the city would launch “Crypto Rio” and covert 1% of the city treasury in Bitcoin.