Swiss city of Lugano to pay taxes in crypto via Tether partnership By Cointelegraph

Swiss city of Lugano to pay taxes in crypto via Tether partnership By Cointelegraph



The city of Lugano, the economic capital of Italian-speaking southern Switzerland, is adopting cryptocurrencies for tax payments as part of a new collaboration with the provider of the (USDT) stablecoin.

Tether Operations Limited, the blockchain-based platform that powers USDT, the world’s largest stablecoin by market capitalization, has signed a partnership with the administration of Lugano, according to a joint announcement on Thursday.