- This feature will be implemented soon.
- Liechtenstein may invest part of its reserves in bitcoin
- The Prime Minister of the country is positive about investing in cryptocurrencies
Liechtenstein plans implement the function of paying for public services with bitcoins. This was announced by Prime Minister Daniel Risch. In an interview with Handelsblatt, he added that providing the option to pay with BTC would be a reality in the near future, but did not name specific dates.
The state government plans to accept deposits in BTC, subsequently converting them into the national currency Swiss franc. A similar approach is used in the Swiss communities of Lugano and Zug. There, residents can use bitcoins to pay for government services.
In 2019, Liechtenstein was categorized as one of the countries that adopted specific legislation on blockchain and cryptocurrencies. In 2020, the Token Providers and Trusted Technology Act (TVTG), also known as the Liechtenstein Blockchain Act, came into force. He is responsible for creating one of the regulated environments. Since then, the number of organizations providing cryptocurrency services in Liechtenstein has grown due to the optimal conditions for their business.
Cryptocurrencies are gradually becoming commonplace for society. At the end of August 2022, the Argentine province of Mendoza approved crypto payments to its tax coffers. In September of the same year, WOG gas stations introduced payment via Binance Pay in Ukraine. And at the beginning of 2023, it became known that university students in Dubai will be able to pay for their education with cryptocurrency.