The Liechtenstein government intends to allow citizens to use Bitcoin to pay for public services, Prime Minister Daniel Risch has said in a conversation with the Handelsblatt newspaper.
According to him:
"The ability to pay with Bitcoin will soon appear."
He said the government will accept cryptocurrencies from citizens and exchange them for the national currency.
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In addition, some Swiss municipalities, notably the canton of Zug, are using a similar approach.
Risch has also not ruled out the state may invest part of its reserves in Bitcoin.
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Liechtenstein is a cryptocurrency-friendly jurisdiction. Back in 2019, the country's parliament passed the Liechtenstein Blockchain Act, which created a regulated environment for digital asset service providers.