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The city of Curitiba, in Brazil, is now studying the possibility of accepting cryptocurrency payments for taxes. Noemia Rocha, a city councilor for Curitiba, presented this project to the management to study the method by which the municipality could accept cryptocurrencies for these payments using third-party payment processors.
More and more municipalities are including crypto as part of their development and tax collection plans. This time it is Curitiba, the capital of the state of Parana in Brazil, which is considering accepting cryptocurrency payments for municipal taxes. The architect for this project is city councilor Noemia Rocha, who suggested that the city should consider how this can be achieved with the help of third-party payment companies.
The proposal recognizes the acceptance of crypto in Brazil and pushes Curitiba, which is considered a technology center in the country, to explore this possibility for its properties. On this view of the functionality of the proposal, Rocha stated:
Cryptocurrencies have become financial assets of enormous popularity in the world economy and are already alternative forms of “nationalization of currency”, which can be seen in the many operations carried out through the virtual environment.
Councilor Rocha also clarified that this proposal draws inspiration from the progress that Rio de Janeiro has made in this field, having already announced that they will accept such payments for municipal taxes in 2023. She believes that this could be a good opportunity to update the payment system for these taxes to include this new type of currency.
The bill, which will be voted on in a symbolic way next week, must be reviewed by the mayor of Curitiba to assess its implementation. However, the executive has no obligation to approve the bill, as it is presented as a proposal.
Other cities are also in the process of implementing cryptocurrency acceptance to pay municipal taxes. One of these is Buenos Aires, which as part of the digitization push aims to include these payments and a new blockchain-based ID system to simplify the formalities each citizen must complete each year.
However, Mendoza, an Argentine province, has been accepting payments for taxes in crypto through a payment provider since August, and has received national currency provided by this payment company. The currencies currently accepted are stablecoins such as USDC, USDC and DAI.
What do you think of Curitiba’s proposal to accept cryptocurrency as payment for municipal taxes? Tell us in the comments section below.
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