Swiss City of Lugano to make Bitcoin and Tether legal tender

Aiming to become Europe’s Bitcoin capital, Lugano, Switzerland, has formed a partnership with stablecoin issuer Tether to establish Bitcoin, Tether and Lugano’s own LVGA Points token as essentially legal tender in the city.

Citizens will be able to use Bitcoin, Tether, and LVGA to pay for taxes, goods, and services.