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HomeCrypto NewsCitizens can use cryptocurrencies to pay taxes through Brazil's oldest bank

Citizens can use cryptocurrencies to pay taxes through Brazil’s oldest bank

A major Brazilian bank is offering taxpayers a new and convenient way to pay taxes using cryptocurrencies.

In partnership with Brazilian cryptocurrency startup Bitfy, Brazil’s Banco do Brasil announced that it is now “possible” for Brazilian taxpayers to pay taxes in cryptocurrencies.

This provides user convenience and potentially expands access to and use of the digital asset ecosystem while ensuring the security of a reputable bank as it protects users.

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