Lugano, Switzerland, has struck a collaboration with stablecoin issuer Tether in order to establish BTC, USDT, and Lugano's homegrown LVGA Points as potentially legal tender within the city.
The measure goes well beyond the acts of a handful of other Swiss municipalities that have been readily accepting crypto for tax payments for some time. Much like El Salvador, Lugano aims to have all of its companies smoothly utilize crypto for daily transactions as well as allow crypto for taxation purposes.
In related news, Mayor Michele Foletti of Lugano stated that the recent agreement with Tether will go a long way in assisting the city scale up its fintech activities and future growth.
Mayor Foletti added that in recent years, Lugano has been deeply engaged with crypto and blockchain technology, which includes the work on LVGA Points citizen payment tokens, NFTs, and various other blockchain advancements.
Lugano, Switzerland, Has Struck A Collaboration With Stablecoin Issuer Tether


Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.

February 06,2025
MicroStrategy Rebrands To Strategy As Bitcoin Acquisition Continues

February 06,2025
Legal Watchdog Calls For Investigation Into TRUMP Meme Coin

February 06,2025
TIGER 21 Invests Up To $6B In Crypto

February 06,2025
Hacker Exploits Jupiter X Account To Promote Fake Meme Coins

February 05,2025
Block Production Temporarily Halted By XRP Ledger

February 05,2025
Moonray To Launch On Xbox And PS5 This Year

February 05,2025
Semler Scientific Becomes 10th Biggest Bitcoin Holder

February 05,2025
U.S. SEC Finally Reduces Crypto Oversight

February 04,2025
Crypto Market Recovers After Trump Delays Tariffs

February 04,2025
U.S. Parents Are Choosing Bitcoin Over 529 College Plans

February 04,2025
Over $20M Liquidated As PEPE Continues To Struggle

February 04,2025