Voters will decide on Zug’s minor issues as well as the future of eID system.
The step will help the Swiss city decide whether the technology can be used on a broader scale.
Moreover, voters will be surveyed on whether the blockchain-based eID system should be used for referendum votes in the future.
The results of the vote will be non-binding for city authorities, as this voting is only a test.
On June 6, the privately held Hypothekarbank Lenzburg bank, became the first bank in Switzerland to provide business accounts to blockchain and cryptocurrency companies.
Switzerland’s Crypto Valley is continuing to grow despite the Covid-19 pandemic, with its top 50 companies increasing in value by more than $200 billion in less than one year.
The Zug cantonal tax office has enabled this crypto adoption using the Bitcoin Suisse Crypto Payments solution, the announcement read. An accompanying video shows how Swiss crypto-enthusiasts can use their BTC or ETH to pay their taxes.
9th October 2020, Zug, Switzerland – The non-profit Corion Foundation is pleased to announce a new partnership with the Syscoin Foundation. The foundation partnership is the result of a shared vision to make global access to swift, safe low-cost Open Finance solutions a reality.
At the LA Blockchain Summit, the blockchain and fintech venture studio Draper Goren Holm announced the launch of a $25 million blockchain fund called “Fund 1. ” According to the announcement the money will be used for promising blockchain and fintech startups in Series A and seed investments.
Switzerland’s crypto valley, Zug, is taking another step towards complete virtual currency adoption with plans to begin accepting tax payments in cryptocurrency. Several tax offices around the world have okayed citizens meeting their tax obligations using virtual tokens.
Atupri, a Swiss health insurance provider, said Monday that its 200,000 customers will now be able to make payments using bitcoin and ethereum. The 110-year old firm claims it is the “first” insurer in Switzerland to accept cryptocurrencies.