Rio De Janeiro to Allocate 1% of Treasury Reserves to Crypto: Report
The mayor of Rio de Janeiro said Thursday he plans to allocate 1% of Brazil's second-most populous city's treasury reserves to cryptocurrencies, according to a Globo report.
Read more: Miami Mayor Suarez to Take Next Paycheck in Bitcoin
CORRECTION (Jan. 14, 14:08 UTC): Replaces references to bitcoin in headline, first paragraph and first bullet with the more general cryptocurrencies.