Pro-crypto city of Lugano and El Salvador sign economic agreement based on ad...

Pro-crypto city of Lugano and El Salvador sign economic agreement based on ad...

As part of the agreement, El Salvador will establish a physical government presence in an effort to “foster cooperation with educational and research institutions.” Switzerland’s southern city of Lugano and El Salvador have signed an economic cooperation agreement based on crypto and blockchain.According to an Oct. 28 announcement from Lugano, the two pro-crypto jurisdictions signed a memorandum of understanding on economic cooperation at the city’s Plan B event. Lugano Mayor Michele Foletti cited El Salvador adopting Bitcoin (BTC) as legal tender as part of the city’s interest in the....


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