Bitcoin News: Swiss Capital Zurich Rejects Bitcoin Government

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Zurich’s local government has gone against initiatives elsewhere in Switzerland by refusing to allow Bitcoin payments of taxes or salaries. 

Also read: Swiss Town Begins Accepting Bitcoin for Public Services

Zurich Residents ‘Don’t Want To Pay In Bitcoin’

While a similar scheme has proven popular in the city of Zug, an enquiry by two local politicians was met with news that “neither a strategy for Bitcoin use nor preliminary measures” were being looked into in the Swiss capital at present.

Switzerland has recently warmed to Bitcoin somewhat, despite the country being the traditional home of legacy banking and a fiat stronghold.

Lawmakers have given the green light to those who wish to interact with cryptocurrency officially, as the Zug scheme demonstrates.

The Zurich decision thus appears to go against the trend, with the language of the governing body – the Stadtrat – nonetheless pointing to underlying uncertainty about the best stance to take going forward.

The city could jump on the Bitcoin bandwagon “with relatively little effort” should it become a “generally accepted payment method,” local new…

“IndyWatch Feed Crypto”

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Bitcoin News: Swiss Capital Zurich Rejects Bitcoin Government