Liechtenstein plans to introduce bitcoin payments to the government: news | coindesk JAPAN | Coindesk Japan

Liechtenstein plans to add Bitcoin (BTC) as a payment option to the government, German news outlet Handelsblatt reported on Sunday.

Liechtenstein’s prime minister, Daniel Risch, told the newspaper that cryptocurrencies received as payment would likely be immediately exchanged for Swiss francs, Liechtenstein’s currency. there is

The European Union (EU) is now finalizing the introduction of a ground-breaking licensing regime known as the Crypto Market Regulation Act (MiCA), which could draw crypto firms to the region seeking regulatory clarity. There is Although Liechtenstein is not a member of the European Union, it is part of the European Economic Area (EEA) and can increase its relevance to this framework.

Risch, who is also the country’s finance minister, declined to say when the payment option would be added.

Crypto assets are too volatile to entrust some of Liechtenstein’s billions of dollars in annual savings, but the prime minister has suggested that this could change, the people said.

“Crypto assets like Bitcoin are still too risky right now, but this assessment could change,” said Prime Minister Risch.

｜Translation: coindesk JAPAN
｜Editing: Toshihiko Inoue
｜Image: Shutterstock
｜Original: Liechtenstein Plans to Accept Bitcoin for Payments to State, Prime Minister Says: Report