Taxes With Cryptocurrency Available In A Switzerland Town

The local authorities of Zermatt, a small town in southern Switzerland, allowed their residents to pay taxes with bitcoin.

Technically, such payments will be made with the help of Bitcoin Suisse, which has been working in the market since 2013. The regulatory act has already been approved in the local municipality. Residents will need to submit an application to the local tax authority to pay taxes with cryptocurrency.

Received coins will be converted into national currency and transferred to the state account.

Earlier we wrote that paying taxes with cryptocurrency is now possible in Bermuda. To keep up with the latest news in the world of cryptocurrencies and the blockchain industry, check out updates on TheCoinShark.

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