real-state
Rio de Janeiro to accept Bitcoin for real estate taxes from 2023
The Brazilian city of Rio de Janeiro will officially start accepting Bitcoin (BTC) payments for taxes related to urban real estate within their city limits, a.k.a. Imposto sobre a propriedade predial e territorial urbana (IPTU). As reported by Cointelegraph Brazil, the new pro-crypto tax laws will be implemented from 2023, which was announced by the Secretary of Economic Development, Innovation and Simplification, Chicão Bulhões. Work from anywhere = Rio! Welcome @binance… Rio on blockchain! @eduardopaes https://t.co/NJEArEvEXV — Chicão (@ChicaoBulhoes) March 26, 2022 Supporting this cause led by the Brazilian Mayor Eduardo Paes, Binance CEO Changpeng Zhao announced to open a new office in the region stating that “He’s done his part. We are working on ours.” 9 days ago, I made a hand...
23-year-old Australian buys $314k property via planned crypto investments
A young resident from Queensland, Australia played the long game of accumulating Bitcoin (BTC) and Ethereum (ETH) over several years to eventually overcome the soaring real estate prices during the 2020 bull run and own his dream home. The 23-year-old Loi Nguyen started his journey as an investor back in 2017 by purchasing a few hundred dollars worth of BTC, ETH and traditional stocks. However, his interest in crypto reached new heights while pursuing an Economics degree: “Crypto came back into my life when I did a course at the uni on inflation. I learned that Bitcoin can be disinflationary.” Speaking to news.com.au, Nguyen revealed that the lower interest rates (less than 0.5%) offered by traditional banks could never help him break into the real estate market. By following a dollar-cost...
