While El Salvador made headlines by legalizing BTC as a payment option, the recent decision in Lugano, Switzerland, allowing citizens and tourists to transact in BTC—including tax payments—signals further mainstream adoption. This news is undoubtedly welcomed by crypto enthusiasts, with hopes for more nations to follow suit. For further insights, refer to this article by Cointelegraph:
https://cointelegraph.com/news/cryptos-role-daily-payments-beyond-luganoThere was a topic titled
Swiss City of Lugano to Make Bitcoin Legal Tender which discussed Bitcoin adoption in this city extensively. It's a piece of good news that the government of the city is promoting the use of Bitcoin in the city. But I am also skeptical because unlike El Salvador which legalized only Bitcoin the city is also promoting some altcoins and a stablecoin. Although I am in support of this move I think this is just a strategy of the City government to attract more tourists and crypto investors to the city since Bitcoin is already legal in Switzerland. However, the City government of Lugano should be praised for accepting Bitcoin for the tax payments.