Swiss city of Lugano will accept Bitcoin for tax payments

Swiss city of Lugano will accept Bitcoin for tax payments


The Swiss city of Lugano has announced the launch of Lugano (LUGA), a Bitcoin-linked stablecoin that can be used for payments at more than 350 merchants across the city. About 20% of Lugano people have active Lugano wallets. From December 1, the Lugano city government will also begin accepting Bitcoin for tax payments. In addition, the City of Lugano also announced a $50 million grant to startups in the cryptocurrency and blockchain fields, including Bitcoin Core development, Lightning Network development, and local public projects.

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