Swiss canton of Zug starts accepting tax payments in cryptocurrency
The Swiss canton of Zug is now accepting Bitcoin and Ether for tax payment from local companies and individuals. The Swiss canton of Zug now allows its residents to pay taxes in cryptocurrencies like Bitcoin (BTC) and Ether (ETH).Bitcoin Suisse, a local crypto broker that enabled the new opportunity in partnership with the canton, announced Feb. 17 that the crypto payment option has rolled out this week.The administration of the canton of Zug placed an official memo for the new tax payment option on its official website, providing detailed video instructions for paying tax bills with....
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Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs.
The Chedi Andermatt has 123 rooms and suites going for as low as 1,300 francs per night in the high season, or roughly 0.03 BTC or 0.45 ETH. After four years of debate, a five-star hotel in a luxurious area of the Swiss Alps is prepared to accept Bitcoin (BTC) and Ether (ETH) as payment from guests.According to an Aug. 26 report from Swiss news outlet Blick, guests at the Chedi Andermatt hotel are now allowed to settle bills of more than 200 Swiss francs — roughly $218 — using Bitcoin or Ether. Prices are still seemingly set in fiat to reduce any risk of volatility, with the hotel....
In an international first, the Swiss town of Zug in central Switzerland will begin accepting Bitcoin payments for government services on a trial basis, the international service of the Swiss Broadcasting Corporation SwissInfo reports. Zug residents will be able to make payments of up to 200 Swiss francs ($205) using Bitcoin. Mayor Dolfi Mueller said that the Zug City Council wants to show its "openness to new technologies" and cater to local financial technology companies, BBC News reports. The Zug area is known as the "crypto-valley," as it hosts more than a dozen....
Luxury watch manufacturer TAG Heuer announced it’s introducing online cryptocurrency payments for customers in the United States. The Swiss company provides the new payment option through a partnership with crypto payment processor Bitpay.
Tag Heuer Partners With Bitpay to Offer US Clients Bitcoin Payments
Designer and maker of luxury timepieces TAG Heuer is now accepting crypto for its high-quality products. Techniques d’Avant Garde (TAG), founded over a century and a half ago by Edouard Heuer in Switzerland, said this week that clients within the U.S. will be....
The Swiss government will enforce new blockchain laws in less than a year. Switzerland’s Federal Department of Finance has initiated a consultation process for a blanket ordinance in the blockchain and distributed ledger technology space. The consultation will happen among cantons, parties and other interested groups in this space. It is scheduled to continue for more than three months, ending on Feb. 2, 2021. This is a part of the Swiss government's active interest in promoting blockchain and cryptocurrency. The consultation to create better laws for the blockchain industry comes only a....