• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

The Swiss city of Lugano recognizes Bitcoin (BTC) and Tether (USDT) as currency.

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

With the hottest move, the city of Lugano (Switzerland) dreams of getting to be the cryptocurrency center of Europe.

The Swiss city of Lugano recognizes Bitcoin (BTC) and Tether (USDT) as currency.

At the “Plan B” occasion on the evening of March four, the authorities of Lugano, a city positioned in southern Switzerland, explained they had partnered with the stablecoin broadcaster Tether to transform Bitcoin and Tether (USDT). of payment. Additionally, the city will difficulty its very own cryptocurrency termed LVGA Points Token (LVGA).

Related articles

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

Bitcoin is at $67K but analysis warns BTC price could drop 10% next

May 20, 2024
Avalanche (AVAX) price is among the few altcoins that have dropped sharply

Avalanche (AVAX) price tag is amid the couple of altcoins that have dropped sharply – Bitcoin News 2024

April 16, 2024

In addition to permitting the aforementioned coins to be employed to shell out taxes, the authorities also inspire residents and firms in Lugano to integrate cryptocurrency payments into day-to-day transactions, from getting and marketing items and providers to paying out for tuition. Polygon will serve as the stablecoin payment infrastructure supplier for the city.

#lugano #plan B announced #bitcoin #bind And #luga (CHF stablecoin) as legal tender.
Here are all the items you can shell out for in a handful of months in the city.
🍫🇨🇭 pic.twitter.com/xkNA9Sp4Xw

—Paolo Ardoino (@paoloardoino) March 3, 2022

However, BTC, USDT and LVGA are only “unofficial” payment procedures in Lugano, due to the fact in accordance to Swiss law, the nation has only one particular currency, the Swiss Franc (CHF).

To support the city build its blockchain strengths, Tether has announced that it will make a fund really worth CHF one hundred million (just about $ 109 million) to finance cryptocurrency startups in Lugano.

Tether also stated that it has picked Lugano as the venue for the Bitcoin World Forum Conference which will be held from 26 to 28 October 2022.

As this kind of, Lugano grew to become the 2nd location in the globe to accept Bitcoin (BTC) as a currency, right after El Salvador in September 2021. Meanwhile, the opposition government in Myanmar in December final 12 months acknowledged the USDT as a currency for entice donations from benefactors to fight military rule.

In addition, in the globe, there are lots of proposals to accept Bitcoin as a currency or as a system of paying out taxes, in particular in Mexico, in the states of Texas and Colorado (USA).

Synthetic currency 68

Maybe you are interested:

Maybe you are interested:

Tags: BitcoinBTCCitycurrencyLuganorecognizesSwissTetherUSDT
Share76Tweet48

Related Posts

Bitcoin Drops Below $102,000 Amid Global Uncertainty

by shark
June 23, 2025
0

Bitcoin falls under $102,000 amid global concerns, with trading volume spikes highlighting market defense.

Flashbots Warns MEV Bots Undermine Blockchain Scaling Efforts

by shark
June 23, 2025
0

MEV spam bots occupy significant Solana blockspace, impacting network efficiency and transaction costs.

Haru Invest CEO Cleared of $650 Million Fraud

by shark
June 23, 2025
0

South Korean court acquits Haru Invest CEO of crypto fraud, impacting 6,000 investors.

Coinbase CEO Advocates Crypto for Global Economic Challenges

by shark
June 23, 2025
0

Brian Armstrong, CEO of Coinbase, discusses cryptocurrency's potential to address economic instability, rising debt, and inflation.

Bloomberg Raises Crypto ETF Approval Odds to 90%+

by shark
June 23, 2025
0

Bloomberg analysts forecast over 90% approval odds for crypto ETFs, boosting market optimism.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Bitcoin Drops Below $102,000 Amid Global Uncertainty
  • Flashbots Warns MEV Bots Undermine Blockchain Scaling Efforts
  • Haru Invest CEO Cleared of $650 Million Fraud
  • Coinbase CEO Advocates Crypto for Global Economic Challenges
  • Bloomberg Raises Crypto ETF Approval Odds to 90%+
  • Bybit Releases 24th Proof of Reserves Audit
  • Bitcoin’s Market Cap Surpasses Leading Global Banks’ Combined Value
  • Binance Lists DeLorean (DMC) on Spot and Futures Markets
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7