Liechtenstein's prime minister has revealed that bitcoin payments will be accepted for some government services. $BTC crypto cryptocurrency
revealed that Liechtenstein plans to accept bitcoin payments for certain government services. He said in an interview with German business daily Handelsblatt Sunday without giving a specific timeframe:Risch explained that Liechtenstein plans to accept bitcoin and immediately exchangefor Swiss francs, the national currency, in order to avoid exchange-rate risks. He also clarified that the cryptocurrency would not be granted equal status as the Swiss franc.
The prime minister additionally told the news outlet that he was open to investing state reserves in bitcoin in the future. Liechtenstein’s reserves, currently amounting to approximately 2.23 billion Swiss francs , are invested mostly in securities, Handelsblatt reported, citing the finance ministry.Cryptocurrencies like bitcoin are still too risky. But this assessment can of course change.the “Token and Trustworthy Technology Service Providers Act” . The government noted in its announcement at the time that with the new law, Liechtenstein becomes the first country to comprehensively regulate the token economy.
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