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Monthly Archives

December 2016

Econotimes – CryptoValley Zug to continue accepting bitcoin payments, to explore blockchain technology

By | CVA in the News

The City Council of Zug, Switzerland, also known as Crypto Valley, has announced that the bitcoin pilot project that kicked off in July will be made permanent.

Announced in May 2016, the pilot project allowed local residents to pay for public services using bitcoin with payments initially limited to an equivalent of 200 francs.

Read full article here.

Reuters — Low tax Zug aims to become Switzerland's 'Crypto Valley'

By | CVA in the News

The small Swiss canton of Zug, famed for the low taxes that have drawn multinational companies and hedge funds to its lakeside shores, is trying to turn itself into a hub for virtual currency firms.

Over the past half century Zug has transformed itself from “the poorhouse of Switzerland”, sustained by fishing and manufacturing, into a headquarters for commodity giant Glencore and a home to the outposts of hundreds of global companies, becoming one of the country’s wealthiest provinces…

Read full article here.