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RE: Rio De Janerio Adopts A Bitcoin Standard

in LeoFinance2 years ago

What would your definition of a city adopting a bitcoin standard be? Cities aren't autonomous regions so they have limited scope to change things they can only adopt a treasury and allow local services and tax revenue in bitcoin

Legal tender laws would be a out of their remit especially in countries that aren't constitutional republics.

As for merchant adoption that can be a localised movement that people can do without government oversight it would just be a like cash transfers so merchants keep it off the books and avoid the income tax