Swiss Municipality to Accept Bitcoin for Tax Payments

58275452_xl

 

Citizens in the Swiss municipality of Chiasso will soon have the option to pay some of their taxes using Bitcoin. Beginning in January 2018, the government will initiate a trial that will permit area residents to use the digital currency for up to 250 Swiss francs of taxes. The decision comes as officials in Chiasso continue their efforts to attract more digital currency startups to the area.

For some time now, Switzerland has been working to become a leading force in the world of cryptocurrency. Earlier this year, the country’s government backed the launch of the Crypto Valley Association blockchain consortium in Zug. That Canton had already started to embrace digital currency, after announcing in 2016 that it would begin accepting Bitcoin as a method of payment for government services.

This latest announcement comes after government officials spent months consulting and collaborating with business leaders in the digital currency industry, including Digital Identity. Chiasso’s officials have been aggressively courting cryptocurrency business in recent months, and have even attempted to rebrand their municipality with the nickname “CryptoPolis.”

Chiasso Mayor Bruno Arrigoni commented on the municipality's progress in this area:

“Today, there is an internationally acknowledged community in Chiasso, which is the epicenter of a movement of technological and economic growth for the Canton and for the whole Switzerland too. In the last months, 8 startups have chosen Chiasso to carry out their business and more negotiations are underway with other companies coming from Europe.”

The views expressed by the authors on this site do not necessarily represent the views of DCEBrief or the management team.

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

Share This Post On
  Subscribe To Newsletter
Subscribe to Our Newsletter

Keep up to date with the latest from DCEBrief

* we hate spam and never share your details.
×