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Rio To Allocate 1% Of Treasury Reserves To Crypto
Rio To Allocate 1% Of Treasury Reserves To Crypto After several days of steep declines, finally some good news for cryptocurrencies. According to a report in Globo, the mayor of Rio de Janeiro, Eduardo Paes, said Thursday he plans to allocate 1% of Brazil's second-most populous city's treasury reserves to cryptocurrencies, as part of his plan to turn the city into a cryptocurrency hub. “We are going to launch Crypto Rio and invest 1% of the treasury in cryptocurrency. The govern
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