Taxpayers in Swiss City Can Settle Bills With Bitcoin, Tether
Homes overlook Lake Lugano, in Lugano, Switzerland.
Photographer: Akos Stiller/BloombergThis article is for subscribers only.
The Swiss city of Lugano started to accept cryptocurrencies for paying taxes, fines and all other invoices from the municipality.
Individuals and businesses can settle bills in Bitcoin or the Tether stablecoin by scanning a QR code, already a feature on regular Swiss invoices, Lugano authorities said in a statement on Tuesday. The backend process underpinning the system is handled by digital-asset broker Bitcoin Suisse AG.