To establish itself as a global hub for bitcoin adoption, Chiasso in Switzerland has announced that citizens can now pay their taxes using bitcoin.With this announcement, Switzerland moves a step ahead in becoming the world leader in bitcoin adoption.


Quick Look:

  • Chiasso in Switzerland has announced that citizens can now pay their taxes using bitcoin.
  • Chiasso officials are looking to brand the municipality as “CryptoPolis”.
  • From January 2018, Chiasso will begin accepting bitcoin as a form of tax payment.
  • The city is planning to run atrial period initially, restricting payments up to 250 Swiss francs (CHF) of tax bills.

To establish itself as a global hub for bitcoin adoption, Chiasso in Switzerland has announced that citizens can now pay their taxes using bitcoin.With this announcement, Switzerland moves a step ahead in becoming the world leader in bitcoin adoption. So as to attract cryptocurrency start-ups, Chiasso officials are looking to brand the municipality as “CryptoPolis”.Chiasso is competing with country’s blockchain epicenter Zug, which has become famous internationally as Switzerland’s “Cryptovalley.”

From January 2018, Chiasso will begin accepting bitcoin as a form of tax payment. The city is planning to run a trial period initially, restricting payments up to 250 Swiss francs (CHF) of tax bills. The Mayor of Chiasso, Bruno Arrigoni, said, “Chiasso is recognized internationally as an epicenter of a growing technological and economic growth for both the canton and in Switzerland.” With this move, officials are expecting to expand cryptocurrency industry to replace lost tax revenues from the diminishing local banking sector.

“The Executive will evaluate the possibility of participating as a founding partner in the formation of a non-profit BHB foundation, which will involve some of the highest representatives of Chiasso’s Blockchain / Bitcoin technology”, reads the press release.

The mayor of Chiasso, reportedly in past few months has met with numerous cryptocurrency entrepreneurs and the administration has taken a number of steps to attract cryptocurrency companies. Also, it is reported that eight start-ups have recently established headquarters in the municipality. Moreover, in order to bring innovation and in-depth knowledge, the governmentis intended to introduce courses in the upper secondary schools to enhance cryptocurrency literacy among students.


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