Taiwan media: the Swiss town to accept bitcoin payments on global precedent

Taiwan media: the Swiss town to accept bitcoin payments on global precedent

Core tip: but only 30 thousand of the population of the town of Zug, town officials pointed out that so far the use of bitcoin is still too small, only a few thousand francs is expected this year will pay fees to bitcoin, it is not open tax bitcoin.


(photo: The Associated Press)

 

Reference News Network May 13th Taiwan media reported that the self proclaimed digital currency industry center will open in the Swiss town of the town of Zug global precedent, open the virtual currency bitcoin as a payment instrument in the summer part.

According to Taiwan when the electronic newspaper reported on May 13th, this is not only a government agency to accept bitcoin’s first, but also a symbol of “encryption has legalized gradually trend of finance”.

The Zug Town Council last week, July 1st accept bitcoin payment of government fees, a maximum of 200 Swiss francs. Mayor Muller said the move was “experiment”, aiming to make one towards the digital development of the town of Zug as a financial pioneer.

But only 30 thousand of the population of the town of Zug, town officials pointed out that so far the use of bitcoin is still too small, only a few thousand francs is expected this year will pay fees to bitcoin, it is not open tax bitcoin.

A lot of people in the town will be the town of Zug, touted as “the encryption Valley” (CryptoValley) a member of the local 15 companies deal with digital currency related business, the Council approved the public to accept bitcoin payment, but also more or less in order to support these operators, help the bitcoin Market more mature, the virtual currency has been widely used in the private sector trading.

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