@BOMBERuss 4 March 2022 more from that month

The largest city in the Swiss canton of Ticino, Lugano, has recognized bitcoin (#BTC), the leading stablecoin #Tether (#USDT), as well as the city token #LVGA Points as a "de facto" legal tender. Residents of Lugano, which has a population of 62,000 people, will now be able to pay taxes in the aforementioned cryptocurrencies. In the near future, after the creation of an appropriate technological infrastructure, cryptocurrencies can be used for a wide range of goods and services. This became possible after the establishment of a partnership with the USDT issuer by Tether Operations Limited. They have created a center for the implementation of blockchain, which is designed to turn Lugano into a major #cryptocurrency hub in #Europe. Tether and other crypto companies will also create a large fund in the city to create #blockchain services. At the same time, the Swiss franc will continue to be the only legal tender in Lugano. This distinguishes it from El #Salvador, whose authorities made #bitcoin the second official currency in September last year.