Rio De Janeiro Is Giving People a 10% Discount to Pay Taxes in Bitcoin

And putting 1% of their treasury into crypto.

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ABOUT

This episode is sponsored by Nexo, Abra and FTX US.

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This was, NLW argues, a very good week for crypto. He covers:

The mayor of Rio announcing big bitcoin/crypto support this week
Strike launching in Argentina
Northwest Arkansas offering tech workers $10,000 in BTC and a bike to move to the region
A congressman introducing legislation to ban the Fed from issuing a CBDC
Jack Dorsey’s Block building bitcoin mining hardware

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Christian Adams/The Image Bank/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.