The Belo Horizonte City Council in Brazil has preliminarily passed a bill to develop the city into a "Bitcoin Capital," allowing the use of BTC to pay municipal taxes and fees, and promoting merchants to accept cryptocurrency. The bill was proposed by Liberal Party members and received 20 votes in favor, 8 votes against, and 6 abstentions. The bill still needs to undergo a second round of voting and be submitted to the mayor for approval. （Cointelegraph）