tldr; Rio de Janeiro’s Secretary of Finance and Planning Andrea Senko has said that the city is planning to purchase 1% of its treasury in bitcoin. She added that the purchase will follow a methodology that is “attentive to the swings and risks of this market” and is under development by City Hall. Senko further stated that Brazil is adopting favourable regulatory measures for bitcoin usage.
This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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