Belo Horizonte Takes Step Towards Bitcoin Innovation Hub

Belo Horizonte’s council recently passed legislation promoting Bitcoin adoption, paving the way for the city to become a hub for innovation in the cryptocurrency space. This move signals Brazil’s growing interest in integrating digital payments within local economies. The bill incentivizes businesses to accept Bitcoin payments, aiming to stimulate economic growth through digital transactions. The vote of 20 in favor, 8 against, and 6 abstentions reflects the city council’s strong support for this initiative.