Bitcoin

<div class="watcher-guru"> 
 <p>In a move that is certainly groundbreaking for the overarching digital asset market, the Switzerland city of Lugano has officially begun accepting Bitcoin (BTC) and Tether (<a rel="dofollow" title="USDT" href="https://thebittimes.com/tag/usdt.html">USDT</a>) for taxes. Specifically, the city unveiled the project this week that will begin a transformation of its financial structure. </p> 
 <p>The official announcement states that the city has “broadened its payment options” to include the popular cryptocurrencies. Moreover, it states that these digital assets can be used to pay taxes, and other municipal services,” that the city may implore. Additionally, these payments are set to be made through a “fully automated process, utilizing Bitcoin Suisse.”</p> 
 <figure class="wp-block-image size-full">
  <img decoding="async" width="1000" height="667" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt class="wp-image-43237 ewww_webp" sizes="(max-width: 1000px) 100vw, 1000px" data-src-img="https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp.webp 1000w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp.webp 300w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp.webp 768w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp.webp 380w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp.webp 550w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp.webp 800w" data-srcset-img="https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp 1000w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp 300w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp 768w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp 380w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp 550w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp 800w" data-eio="j">
  <noscript>
   <img decoding="async" width="1000" height="667" src="https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp" alt="" class="wp-image-43237" srcset="https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp 1000w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp 300w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp 768w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp 380w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp 550w, https://cdn.thebittimes.com/images/2023/12/07/a63f8be42d9416da81661d815e15e964.webp 800w" sizes="(max-width: 1000px) 100vw, 1000px">
  </noscript>
 </figure> 
 <p><strong>Also Read: Why is Bitcoin (BTC) Rising Today? Explained</strong></p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div> 
 </div> 
 <h2 class="wp-block-heading" id="h-switzerland-city-accepting-bitcoin-and-usdt-for-community-fees">Switzerland City Accepting Bitcoin and USDT For Community Fees</h2> 
 <p>Throughout the year, Bitcoin has seen a rapid ascension in the greater financial sector. Indeed, the digital asset has long dominated its market, but the year has seen it emerge as viable within traditional payment options. Subsequently, its adoption has been massively impact by this. </p> 
 <p>Now, that adoption is set to take yet another step forward today. Specifically, the Switzerland city of Lugano has begun accepting both Bitcoin and <a rel="dofollow" title="USDT" href="https://thebittimes.com/tag/usdt.html">USDT</a> for the payment of taxes. Additionally, the announcement notes these digital assets as viable payment options for other community fees. </p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <figure class="wp-block-image size-large">
  <img decoding="async" width="1024" height="585" src="https://cdn.thebittimes.com/images/2023/12/07/8e79106612ed4939b060f24bd281216d.webp" alt="Bitcoin Hits 19-Month High of $42,000, Will the Momentum Hold?" class="wp-image-120734" srcset="https://cdn.thebittimes.com/images/2023/12/07/8e79106612ed4939b060f24bd281216d.webp 1024w, https://cdn.thebittimes.com/images/2023/12/07/8e79106612ed4939b060f24bd281216d.webp 300w, https://cdn.thebittimes.com/images/2023/12/07/8e79106612ed4939b060f24bd281216d.webp 768w, https://cdn.thebittimes.com/images/2023/12/07/8e79106612ed4939b060f24bd281216d.webp 1536w, https://cdn.thebittimes.com/images/2023/12/07/8e79106612ed4939b060f24bd281216d.webp 380w, https://cdn.thebittimes.com/images/2023/12/07/8e79106612ed4939b060f24bd281216d.webp 550w, https://cdn.thebittimes.com/images/2023/12/07/8e79106612ed4939b060f24bd281216d.webp 800w, https://cdn.thebittimes.com/images/2023/12/07/8e79106612ed4939b060f24bd281216d.webp 1160w, https://cdn.thebittimes.com/images/2023/12/07/8e79106612ed4939b060f24bd281216d.webp 1792w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure> 
 <p><strong>Also Read: BRICS: Russia Announces Special Focus on Alliance in 2024</strong></p> 
 <p>The transition for the city is a massive shift toward the greater implementation of digital assets. Moreover, the announcement stated that it had extended the use of these currencies. Specifically, they state that Lugano residents can pay all city-delivered invoices, “regardless of the nature of the service or the amount invoiced.”</p> 
 <p>This development places Lugano in a company with various cities that have worked to implement Bitcoin. Indeed, they join regions like El Salvador, which have not been shy about their desire to integrate the currency. Subsequently, Lugano should be one of many that begin to welcome the use of the digital asset. </p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div> 
 </div> 
 <p></p> 
</div> 
<div class="cs-entry__tags">
 <ul>
  <li>bitcoin</li>
  <li>USDT</li>
 </ul>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/switzerland-city-of-lugano-now-accepts-bitcoin-usdt-for-taxes-tbt72846.html">https://thebittimes.com/switzerland-city-of-lugano-now-accepts-bitcoin-usdt-for-taxes-tbt72846.html</a></p>

Switzerland City of Lugano Now Accepts Bitcoin & USDT for Taxes

Table of Contents

TheBitTimes

Other articles published on Dec 6, 2023

Market Enters 'Extreme Greed' as Bitcoin (BTC) Dominance Expands

Twitch announces plans to cease operations in South Korea

Worldcoin unveils $5m grant initiative for blockchain builders

With Presale Days From Closing, Chimpzee (CHMPZ) Has Raised Millions And Is Set To Revolutionize ...

Coinbase Wallet Allows Users send Stablecoin on Whatsapp and other messaging apps for free

Litecoin’s Critical Period: A Potential Comeback on Stage

Join our free newsletter for daily crypto updates!