Liechtenstein Prime Minister Wants Citizens to Pay for Government Services With Bitcoin

2023-5-8 19:31

The Prime Minister of Liechtenstein has said he wants citizens to be able to pay for government services with Bitcoin.

Liechtenstein Joins Swiss Crypto Hubs

Although details of the plan were sparse, in a recent interview Prime Minister Daniel Risch said that a “Bitcoin payment option is coming.”

He went on to describe how the European microstate intends to accept payment for government services in Bitcoin. It will then immediately exchange them for Swiss francs, the national currency.

A similar approach to Bitcoin payments has been used by the Swiss communities Zug and Lugano. There, local authorities have moved to make Bitcoin payments legal for the payment of certain taxes and public service expenses.

In Lugano, even McDonalds accepts Bitcoin.

Moreover, the latest news is not the first time Liechtenstein has made headlines for its crypto-friendly policies. 

In 2019 it became one of the first countries in the world to pass dedicated crypto regulation with the Liechtenstein Blockchain Act.

Since then, various crypto-focused businesses have set up shop in the country. Alongside the aforementioned principalities in Switzerland, Liechtenstein has emerged as one of a handful of European finance hubs catering to the growing market for crypto banking and investment services.

Building on the Legacy Banking Sector

Firms like the Liechtenstein Cryptoassets Exchange (LCX), which also has offices in Zug’s “crypto valley,” show how the Alpine region is evolving its centuries-old financial sector. 

Combining a progressive policy stance with their deep-rooted financial services industries, places like Lichtenstein are increasingly carving out a specialized niche within the global crypto space.

For example, the Swiss digital bank Sygnum has emerged as one of the world’s leading crypto-focused banks. It now helps businesses the world over manage their digital assets.


And in April, Liechtenstein’s VP Bank announced an expanded partnership with the Swiss digital infrastructure provider Metaco to help it offer crypto custody services to its clients.

The post Liechtenstein Prime Minister Wants Citizens to Pay for Government Services With Bitcoin appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

PrimeChain (PRIME) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Äîñòóïíî / Âñåãî 0 PRIME

government services liechtenstein bitcoin pay minister prime

government services → Ðåçóëüòàòîâ: 126


Japan’s Most Used Messaging App, LINE, Awarded Crypto Exchange License for BitBox

The provider of the most used messaging app in Japan, LINE, has been awarded a crypto exchange lincense by the Japanese government. According to CoinDesk, the company which boasts of about 80 million users per month will now be able to provide crypto exchange services to its clients. The crypto trading platform will referred as […]

2019-9-7 02:02


Indian Exchanges Innovate as Calls for Positive Crypto Regulation Escalate

Indian crypto exchanges are innovating, launching new products and improving services for their users, despite the country’s regulatory uncertainty and unresolved banking restrictions. Meanwhile, the Indian crypto community continues its efforts to convince the government that the draft bill to ban cryptocurrencies is flawed, calling for positive regulation instead.

2019-9-4 11:05


Ôîòî:

Russia wants to boost transparency with blockchain – are you kidding me?

Russia, ruled by Vladimir Putin‘s arguably authoritarian regime, wants to leverage blockchain technology to host Moscow‘s administrative services and boost transparency. Essentially, the government is looking for a contractor to build an Ethereum-based system to host the issuance of property ownership documents, the allocation of slots at farmer markets, and wait for it: a voting platform which enables Moscow residents to have their say on matters such as locations for new bike paths, street decoration, and city events, CoinDesk reports.

2019-8-15 15:03


Ôîòî:

India: NASSCOM Condemns Government’s Intentions to Prohibit Bitcoin and Cryptocurrencies

The National Association of Software and Services Companies (NASSCOM), a non-profit trade association made up of firms in India’s information technology and business process outsourcing industry, has kicked against the government’s move to make bitcoin trading as well as transactions involving other blockchain-based digital assets illegal, reports LiveMint on July 30, 2019.

2019-7-31 11:00


Ôîòî:

India doesn’t want WhatsApp sharing your payment data with Facebook

Even as WhatsApp readies to launch its mobile payment service in India later this year, the government is concerned about its privacy and security ramifications. “Indian authorities are concerned that WhatsApp‘s payment service might share user data with group companies Facebook and Instagram, compromising the security, privacy and non-commercial information of its subscribers,” according to a report from the Economic Times.

2019-7-26 09:40


Ôîòî:

Here’s why India wants to build its own WhatsApp and Gmail

The Indian government is reportedly planning to build its own WhatsApp-like chat platform to facilitate secure communications for government agencies, according to news outlet Economic Times. The move is meant to reduce the country’s reliance on US technology companies, and ensure that all communication and data transmitted over the service will be stored locally in the country.

2019-6-27 14:22


Ôîòî:

Op Ed: Debunking Bitcoin Myths: ‘It’s a Ponzi Scheme’

The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price.

2019-6-4 19:03


Ôîòî:

Charles Hoskinson Launches Enterprise Blockchain with Ethiopian Government

Forbes reported that Ethereum and Cardano co-founder, Charles Hoskinson, has announced the launch of an enterprise blockchain framework in collaboration with the government of Ethiopia. Financial Services for Africa’s Unbanked Charles Hoskinson is launching “Atala,” an enterprise blockchain framework that aims to provide financial services to billions living in African countries.

2019-5-2 09:00