Belo Horizonte Becomes ‘Capital of Bitcoin’: City Council Declares Title

Belo Horizonte, Brazil, recently took a significant step towards embracing cryptocurrency by declaring itself the ‘Capital of Bitcoin’ following a council vote. The decision, which passed with 20 votes in favor and 8 against, paves the way for stimulating local Bitcoin commerce through financial incentives. While the city council awaits the mayor’s official approval and specific details regarding these incentives, Belo Horizonte seeks to capitalize on the digital asset as a driver for innovation. This move marks a noteworthy development for crypto adoption in Brazil and signals potential global implications for similar initiatives.