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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-luganoWell, it may appear that more countries are accepting Bitcoin and cryptocurrencies based on the fact that it must be subject to regulatory bodies present in the country. The Swiss regulatory body which is FINMA regulates the financial activities of the country and the citizens will be taxed just like they did with fiat currency.
It's good to know that the city of Lugano has been up to this move since signing a memorandum of understanding with El Salvador some time back.
We will be seeing the free use of BTC, MATIC, USDT and the city’s native LVGA token.
I do wish my country come around to accept it as a means of payment and transactions even though it would need be regulated, but it should come after setting up the proper mediums to facilitate its use and development.