A new statue depicting Bitcoin’s anonymous creator Satoshi Nakamoto has just been unveiled in Switzerland. Earlier this morning at the 3rd Annual Lugano Plan B forum in Switzerland, the Plan B Initiative, a collaboration between Tether and the city of Lugano, revealed a statue honoring the faceless BTC creator. “Disappearing Satoshi Nakamoto statue unveiled” The […]
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At the third annual Plan ₿ Forum in Lugano, Switzerland, a statue dedicated to Bitcoin creator Satoshi Nakamoto was unveiled as a symbolic gesture to honor decentralization and financial sovereignty. Plan ₿ Forum Unveils Nakamoto Tribute Statue The event, held by the Plan ₿ Initiative in collaboration with the city of Lugano and Tether, attracted […]
Christian Angermayer, a billionaire crypto investor, has reportedly moved from London to Switzerland as the UK considers tightening tax policies on offshore wealth. Angermayer’s relocation signals the potential departure of other wealthy individuals fearing future tax hikes on non-domiciled tax arrangements. Crypto Investor Angermayer Leaves London Over Tax Concerns Billionaire crypto investor Christian Angermayer has […]
Bitcoiner Christian Angermayer claimed the United Kingdom’s latest tax proposal for non-doms would be a “huge mistake” and be “a bigger act of national self-harm than Brexit.”
Billionaire investor Christian Angermayer has reportedly left the United Kingdom for Switzerland’s Bitcoin hub, Lugano, citing the UK’s plans to raise taxes on offshore wealth.
The German-born Angermayer was considered a “non-dom” while living in the UK — which allowed him to avoid UK taxes on overseas income and earnings for up to 15 years, Bloomberg reported on Sept. 27.
However, that was reduced to 4 years in March 2024 and now Prime Minister Keir Starmer’s Labour Party wants to eliminate inheritance tax breaks on assets held in overseas trusts.
On Feb. 14, 2023, Milena Mayorga, the Salvadoran ambassador to the United States, announced that her country is considering opening a second bitcoin embassy in the Lone Star State. Mayorga said that Texas is “our new ally” and the goal is to expand “commercial and economic exchange projects.” Ambassador Milena Mayorga Fosters Growing Relationship Between […]
PRESS RELEASE. October 27th, Lugano Switzerland — The city of Lugano is the largest city in the canton of Ticino, Switzerland. They are also the economic capital of Southern Switzerland, strategically located between the metropolitan areas of Milan and Zurich. Part of Lugano’s appeal as a vibrant financial center is its commitment to the adoption […]
Residents of the Switzerland city will be able to pay taxes, parking tickets, public services and tuition fees using crypto.
Switzerland’s southern city of Lugano plans for many local businesses to accept some cryptocurrencies as "de facto" legal tender as part of a partnership with Tether (U.
Speaking at the city’s Plan B event on Thursday, Tether chief technical officer Paolo Ardoino said the firm had set up a 3 million-Swiss franc fund in collaboration with Lugano officials to encourage adoption of Bitcoin (BTC), Tether (USDT) and the LVGA token for shops and businesses across the city. Ardoino said the project was aimed at attracting talent from the space to Lugano and making the city a major blockchain hub in Europe.
“We want to show that these tools, these instruments, these currencies that were created can actually be put to work in a [locally-controlled] vibrant environment like the city of Lugano,” said Ardoino.
In addition to allowing Lugano residents to pay their taxes using crypto, the project will extend payments to parking tickets, public services and tuition fees for students. More than 200 shops and businesses in the area are also expected to accept crypto payments for goods and services.
#lugano #planb announced #bitcoin #tether and #luga (CHF stablecoin) as legal tender.
— Paolo Ardoino (@paoloardoino) March 3, 2022
Here are all the things that you can pay for within few months in the city.
pic.twitter.com/xkNA9Sp4Xw
Ardoino cited the work El Salvador lawmakers had done for the adoption of cryptocurrencies. In September 2021, the country’s Bitcoin Law went into effect, allowing all residents and visitors to use BTC as legal tender alongside the U.S. dollar. The Swiss franc remains legal tender in Lugano and across Switzerland.
Related: Mexican senator to propose crypto law: ‘We need Bitcoin as legal tender’]
As part of the partnership, Tether said it would create a fund of up to 100 million Swiss francs to help finance blockchain-based startups in the region and create crypto unicorns — projects that reach a $1 billion valuation. Polygon will also act as an infrastructure partner for stablecoin settlements in Lugano.
With a population of roughly 63,000 people, Lugano is Switzerland's 8th-largest city and will host the Bitcoin World Forum conference in October.
