The Swiss city of Lugano will accept Bitcoin for taxes and launch a Bitcoin-linked stablecoin LUGA

Odaily News The Swiss city of Lugano announced the launch of Lugano (LUGA), a stable currency linked to Bitcoin, which can be used for payments at more than 350 merchants across the city. About 20% of Lugano people have active Lugano wallets. From December 1, the Lugano city government will also begin accepting payments in Bitcoin. In addition, the City of Lugano also announced a $50 million grant to startups in the field of cryptocurrency and blockchain, focusing on Bitcoin core development, Lightning Network development, and local public projects. (crypto.news)