% 0.83
BTC Dominance:
% 0.31
Market Cap:
$2.57 T
% 0.03
Fear & Greed:
75 / 100
$ 68.528
BTC Dominance:
% 52.7
Market Cap:
$2.57 T

Lugano to Accept Crypto for Taxes!


The Swiss city of Lugano has taken a new step to promote the adoption of cryptocurrencies. The city government announced that citizens and businesses can now use Bitcoin and USDT to pay for municipal services and taxes.

 You might like: Bitcoin and Popular Altcoins- December 6

Payments will be made through Bitcoin Suisse, a platform that provides cryptocurrency services to corporate clients in Switzerland. Individuals will be able to use their preferred mobile wallet to make transactions by scanning a QR code on a paper invoice.

In Lugano, Bitcoin, Tether (USDT), and the city’s own token, LVGA, can be used to buy and sell a wide range of goods and services, from food and electronics to medicine and real estate payments. Also, this development is seen as a major step towards Lugano’s goal of becoming a cryptocurrency hub. The city is looking to attract cryptocurrency companies from around the world.

Lugano’s decision also reflects Switzerland’s positive attitude towards cryptocurrencies. In the canton of Zug, Switzerland, payments in Bitcoin and Ether have been possible since 2021.

Other Steps Lugano Is Taking to Promote Crypto Adoption

The city is also taking the following steps to promote cryptocurrency adoption:

  • The city offers cryptocurrency education programs.
  • The city provides tax incentives for cryptocurrency companies.
  • The city organizes cryptocurrency conferences and events.

These steps could help Lugano become a major player in the cryptocurrency space.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our TelegramYouTube, and Twitter channels for the latest news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *