+0.81% Bitcoin (BTC) 92675.7 EUR

+0.60% Ethereum (ETH) 2205.94 EUR

+1.84% Litecoin (LTC) 77.3 EUR

+2.98% B-Cash (BCH) 360.11 EUR

-0.04% Ethereum (ETH) 0.0240582 BTC

+1.21% Litecoin (LTC) 0.00084436 BTC

+2.33% B-Cash (BCH) 0.00389658 BTC

+0.97% Bitcoin (BTC) 106707.0151 USDC

-0.04% USD Coin (USDC) 0.87 EUR

+2.55% Chainlink (LINK) 12.24 EUR

+1.60% Chainlink (LINK) 0.00013184 BTC

+1.88% Dogecoin (DOGE) 0.16 EUR

+1.16% Dogecoin (DOGE) 0.00000174 BTC

+3.64% Uniswap (UNI) 5.56 EUR

+2.25% Uniswap (UNI) 0.00005979 BTC

+0.15% Cardano (ADA) 0.58 EUR

-0.47% Cardano (ADA) 0.00000635 BTC

+2.41% Tron (TRX) 0.25 EUR

+1.49% Tron (TRX) 0.00000271 BTC

+2.17% Shiba Inu (SHIB) 0.00001128 EUR

+3.52% Zcash (ZEC) 44.28 EUR

0.00% Zcash (ZEC) 0.0004242 BTC

+3.20% Basic Attention Token (BAT) 0.11 EUR

0.00% TradeFlow (TFLOW) 0.12216892 BUSD

+3.59% Arbitrum (ARB) 0.3451 USDC

+2.51% Chainlink (LINK) 13.79 USD

+2.53% Chainlink (LINK) 13.86099 USDC

+3.38% Uniswap (UNI) 6.264 USDC

+3.19% Ondo (ONDO) 0.72 EUR

+2.99% Ondo (ONDO) 0.82719 USDC

+2.74% Gala (GALA) 0.01 EUR

+3.24% Gala (GALA) 0.01623 USDC

+3.31% Wormhole Token (W) 0.06 EUR

+3.75% Wormhole Token (W) 0.0746 USDC

+1.09% Chiliz (CHZ) 0.03 EUR

+1.30% Chiliz (CHZ) 0.03801 USDC

+3.09% Sand (SAND) 0.24 EUR

+2.48% Sand (SAND) 0.276 USDC

+2.36% Aave (AAVE) 226.29 EUR

+2.32% Aave (AAVE) 256.98 USDC

+3.00% Curve DAO (CRV) 0.57 EUR

+4.03% Curve DAO (CRV) 0.6553 USDC

+5.62% Immutable X (IMX) 0.46 EUR

+5.88% Immutable X (IMX) 0.5288 USDC

+3.61% Synthetix Network Token (SNX) 0.57 EUR

+3.80% Synthetix Network Token (SNX) 0.655 USDC

0.00% Skale (SKL) 0.07 USDC

+4.11% Beam (BEAM) 0 EUR

+2.46% Beam (BEAM) 0.00623 USDC

0.00% Axelar (AXL) 1.05 USDC

+2.55% Livepeer Token (LPT) 6.53 EUR

+3.05% Livepeer Token (LPT) 7.48 USDC

+3.12% Compound (COMP) 39.87 EUR

+2.64% Compound (COMP) 45.38 USDC

-0.57% Yield Guild Games Token (YGG) 0.15 EUR

-0.72% Yield Guild Games Token (YGG) 0.1776 USDC

+1.81% Coti (COTI) 0.05 EUR

+2.12% Coti (COTI) 0.0578 USDC

0.00% Portal (PORTAL) 1.1 USDC

+1.28% Sushi (SUSHI) 0.57 EUR

+1.13% Sushi (SUSHI) 0.657 USDC

+2.21% Pepe (PEPE) 0 EUR

+1.85% Pepe (PEPE) 0.00001155 USDC

+0.73% Optimism (OP) 0.54 EUR

0.00% Polygon (MATIC) 0.2 EUR

+2.24% Solana (SOL) 133.24 EUR

-0.31% Solana (SOL) 0.0014455 BTC

+4.93% Solana (SOL) 0.060874 ETH

+0.40% USD Coin (USDC) 0.73 GBP

0.00% USD Coin (USDC) 1 USDT

0.00% USD Coin (USDC) 145.58 JPY

Swiss City of Lugano to Make Bitcoin and Tether 'De Facto' Legal Tender

03-04-2022

Aiming to become Europe's Bitcoin capital, Lugano, Switzerland, has formed a partnership with stablecoin issuer Tether to establish bitcoin, Tether and Lugano's own LVGA Points token as essentially legal tender in the city.

The move goes far beyond the actions of a number of other Swiss localities that for some time have been accepting crypto for tax payments. Somewhat similar to El Salvador, Lugano – in addition to allowing crypto for taxes – is aiming to have all of its businesses seamlessly use crypto for everyday transactions (in El Salvador, only bitcoin qualifies).

At Thursday's "Plan B" event, which was hosted by Lugano's mayor, Michele Foletti, the move was described as a "de facto" legalization, as the Swiss franc will surely remain the actual legal tender in Lugano and elsewhere in Switzerland.

Also announced at Plan B were plans for the Bitcoin World Forum to be held in Lugano on Oct. 26-28.

Switzerland's ninth-largest city with a population just over 62,000, Lugano is in the Italian-speaking southern part of the country.

Source: Coindesk

More from this category

Why Bitcoin ETFs with ‘zero flows’ don’t mean what you think

Over 2,000 United States ETFs see no inflows on any given day — something thats “very normal,” says ETF analyst James Seyffart. Bitcoin BTC $64,423 exchange-traded funds (ETFs) having days of zero i...

Bored Ape NFT floor price hits lowest point in over two and a half years

The Bored Ape Yacht Club collection’s floor price is currently at 11.1 ETH, down 90% from its peak during the roaring NFT bull market. The floor price of Bored Ape Yacht Club (BAYC) nonfungible token...

Australia's securities regulator appeals loss in Finder Wallet case

ASIC argues a federal court judge “erred” in finding that Finder Earn was not a “debenture” — and thus compliant with Australian financial rules. The Australian Securities and Investments Commission...