Zermatt, a ski resort town of 5,400 residents in Switzerland, has decreed that cryptocurrency bitcoin can now be utilized to pay taxes and other government services, Bloomberg reported.
Mayor Romy Biner-Hauser confirmed that her residents can now pay for an array of traditional government services using bitcoin. Broker Bitcoin Suisse will accept the payments through a tablet computer that converts the popular digital currency into francs, then transfers the funds to the municipal government.
Biner-Hauser explained that Zermatt’s plan to accept bitcoin grew from evaluating another Swiss municipality, the canton of Zug, also known as “crypto valley,” which began accepting bitcoin in 2016. She is eager to see how many bitcoin transactions actually occur.
“Everyone is talking about cryptocurrencies and blockchain, and if you don’t try it out, you don’t get smarter,” Biner-Hauser said.
One percent of all bitcoin transactions are criminal in nature, nearly doubling since 2018. Chainalysis’ new Crypto Crime Report details how criminal activity absorbs price fluctuations. Ransomware, tax evasion and money laundering data, however, are more than likely underestimated because of the difficulty in tracking the relevant data.
Donna Redel is the former Chairman of COMEX, a Board Member of New York Angels and an Adjunct Professor of Law at Fordham Law School. Olta Andoni is an Adjunct Professor at Chicago-Kent College of Law. Peirce’s CoinDesk op-ed is here . Further reactions were published here and here . In February, Commissioner Hester Peirce proposed a new safe harbor which, if passed into a formal rule, would radically change the legal terrain for […]
SEC Commissioner Hester Peirce has outlined details of a proposal that would provide crypto projects with a three-year safe harbor within which they could mature their token in order to successfully pass the SEC’s securities evaluation processes. https://t.co/FnquhaVp81
Credit: Shutterstock Coinbase’s merchant payments arm has added support for the dai stablecoin, bringing together online retail and decentralized finance (DeFi). MakerDAO announced Thursday Coinbase Commerce had integrated dai as a payment method, opening the cryptocurrency up to affiliated online merchants and online commerce platforms like Shopify and WooCommerce. The integration will introduce “merchants to a growing segment of the cryptocurrency market, allowing them to bridge the gap between DeFi dapp entrepreneurs and their […]
SEC Commissioner Hester Peirce has proposed a three year “safe harbor” for digital token projects that would let them develop networks and build communities before they’re considered securities that need to be enforced, according to a report Thursday (Feb.6) by Coindesk . The proposed rule would let a token reach a level of decentralization to allow it to pass regulations for the SEC. “The analysis of whether a token is offered or sold as […]
This proposal from Hester Pierce is bonkers. On the one hand devs are supposed to turn securities into non-securities in three years; on the other they’re expected to actively solicit third party exchanges to facilitate secondary trading and liquidity, as with… securities? https://t.co/LjqRCWxXBH
Kadena , a crypto startup that’s an offshoot of JPMorgan’s blockchain center, has launched a public blockchain that can interact through public and private sections, according to a report Wednesday (Jan. 15) by Coindesk . Kadena will also integrate its Chainweaver wallet into the Cosmos Network, which is what would allow the two blockchains to communicate with each other. The whole process will be done by March. When customers use Kadena, they’ll be able […]
Rahul Pagidipati, who is a renowned business personality, investor, and attorney, is gearing up to plan a second innings for crypto exchange, Zebpay which shined as India’s biggest Bitcoin trading platform before its closure in 2018. The leader is channelizing and striving hard to strategize a comeback for the crypto exchange by convincing his pal Warren Buffett to invest his funds in Bitcoin and Ethereum. Warren Buffett is an American businessman and philanthropist. He […]
Ferrari F12tdf supercar image via Shutterstock Hankering for a Ferrari? Well, the only licensed stock exchange in Seychelles, an island nation in the Indian Ocean, is listing tokenized collectible cars worth over $200 million for retail and institutional investors. MERJ said Friday it is partnering with CurioInvest, a tokenization platform building on ethereum, to create tokens representing shares in “supercars” like the Ferrari. While the sale is open to institutional and retail investors, purchases […]
Sharelines Did you know that there was a time, not so long ago, when the only way to listen to music was live and in-person? No, I’m not talking about a live stream from your favorite band on Facebook or YouTube, but listening to the music at a venue congregated alongside a small or large group of similarly-minded folks who liked the same kind of music you did. In pre-historic times like the year […]
During the World Economic Forum that is currently taking place in Davos, Switzerland, Brad Garlinghouse announced that Ripple intends to conduct an IPO within the next twelve months. He did not specify the time it is meant to happen, he just said that ‘it’s a natural evolution for our company’ and that he expects Ripple ‘to be on the leading side’. Gradually, various responses started to appear on crypto Twitter, which clearly show that […]
The Blockchain Association commissioned a research report on human capital trends in the digital asset and blockchain space 85% of professionals in the digital assets industry are employed by exchanges, development firms, or mining businesses Huobi is the largest employer, followed by Coinbase and OKEx 67% of the largest employers are domiciled outside of the U.S. Singapore increased its market share and became the jurisdiction of choice for companies with utility tokens with nearly […]