Liechtenstein Prime Minister Daniel Risch announced plans to accept Bitcoin as payment for government services, according to Cointelegraph.
Risch, who also serves as finance minister, is quoted as saying: “A payment option with Bitcoin is coming.”
However, he did not give a timeframe. Moreover, the principality is unlikely to accept Bitcoin and “hodl” (hold onto) the satoshis it receives. Instead, it will accept deposits in Bitcoin and immediately exchange them for Swiss francs, the national currency. The direct exchange into fiat money sidesteps the currency’s volatility.
Despite not being a European Union member, Liechtenstein is part of the European Economic Area, where the EU’s Markets in Crypto-Assets (MiCA) regulation could apply. This regulatory clarity could attract more crypto firms to the region.
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
