Brazil’s oldest bank allows residents to pay their taxes using crypto
A major Brazilian bank is offering a new and convenient option for taxpayers to settle their dues using cryptocurrencies.
According to a statement published by Brazilian bank Banco do Brasil on Feb. 11, it is now “possible” for Brazilian taxpayers to pay their tax bill with crypto in a joint initiative with Brazilian-based crypto firm Bitfy.
It is available to Brazilians with crypto under the custody of Bitfy, which will act as a “collection partner” for the major Brazilian bank.
